Louisiana-Pacific Corporation (NYSE:LPX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $96.7778.

LPX has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Louisiana-Pacific in a research note on Tuesday. They set a “buy” rating and a $93.00 price target for the company. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $114.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a report on Thursday, May 7th. Finally, TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, May 7th.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $79.52 on Thursday. The firm has a market capitalization of $5.56 billion, a PE ratio of 67.39, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59. The firm has a fifty day simple moving average of $73.58 and a two-hundred day simple moving average of $79.83. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 12 month low of $66.12 and a 12 month high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. The business had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. Louisiana-Pacific’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. Analysts forecast that Louisiana-Pacific will post 2 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Louisiana-Pacific’s payout ratio is currently 101.69%.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds have recently bought and sold shares of LPX. Millennium Management LLC boosted its holdings in Louisiana-Pacific by 128.6% during the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock worth $16,259,000 after acquiring an additional 99,455 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Louisiana-Pacific during the 1st quarter worth $273,000. Goldman Sachs Group Inc. boosted its holdings in Louisiana-Pacific by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock worth $25,274,000 after acquiring an additional 18,413 shares during the last quarter. Empowered Funds LLC boosted its holdings in Louisiana-Pacific by 207.1% during the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock worth $2,596,000 after acquiring an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Louisiana-Pacific by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock worth $20,747,000 after acquiring an additional 29,846 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.