Louisiana-Pacific Corporation (NYSE:LPX) Given Average Recommendation of “Moderate Buy” by Analysts

Louisiana-Pacific Corporation (NYSE:LPX) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $94.00.

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Wednesday, August 5th. Jefferies Financial Group assumed coverage on Louisiana-Pacific in a report on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price target on the stock. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Finally, DA Davidson cut their target price on Louisiana-Pacific from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th.

Institutional Investors Weigh In On Louisiana-Pacific

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

Louisiana-Pacific Price Performance

NYSE LPX opened at $75.58 on Friday. Louisiana-Pacific has a 12 month low of $66.12 and a 12 month high of $102.86. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 95.67, a PEG ratio of 10.53 and a beta of 1.62. The company’s 50 day moving average is $75.20 and its two-hundred day moving average is $77.34. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $665.00 million during the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, research analysts anticipate that Louisiana-Pacific will post 1.17 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 14th. Louisiana-Pacific’s dividend payout ratio is presently 151.90%.

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.