Louisiana-Pacific Co. (NYSE:LPX) Receives $76.00 Consensus PT from Analysts

Posted by on Sep 25th, 2023

Shares of Louisiana-Pacific Co. (NYSE:LPX – Get Free Report) have earned a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $76.00.

A number of research firms have weighed in on LPX. StockNews.com began coverage on Louisiana-Pacific in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Royal Bank of Canada cut their target price on Louisiana-Pacific from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. DA Davidson upgraded Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Wednesday, August 23rd. TD Cowen upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Wednesday, September 20th. Finally, Truist Financial cut their target price on Louisiana-Pacific from $82.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd.

View Our Latest Report on LPX

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. Raymond James & Associates lifted its position in shares of Louisiana-Pacific by 4.1% during the 1st quarter. Raymond James & Associates now owns 47,998 shares of the building manufacturing company’s stock valued at $2,982,000 after acquiring an additional 1,898 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Louisiana-Pacific by 116.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,113 shares of the building manufacturing company’s stock valued at $1,746,000 after purchasing an additional 15,115 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Louisiana-Pacific by 50.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,505 shares of the building manufacturing company’s stock valued at $590,000 after purchasing an additional 3,179 shares during the period. MetLife Investment Management LLC raised its stake in Louisiana-Pacific by 34.1% during the 1st quarter. MetLife Investment Management LLC now owns 57,184 shares of the building manufacturing company’s stock valued at $3,552,000 after purchasing an additional 14,544 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Louisiana-Pacific by 33.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,787 shares of the building manufacturing company’s stock valued at $2,409,000 after purchasing an additional 9,615 shares during the period. Institutional investors and hedge funds own 91.94% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $55.65 on Friday. Louisiana-Pacific has a 12-month low of $48.20 and a 12-month high of $79.56. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.86 and a beta of 1.72. The business has a 50 day simple moving average of $64.96 and a 200 day simple moving average of $63.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 0.99.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The building manufacturing company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Louisiana-Pacific had a return on equity of 16.60% and a net margin of 7.96%. The business had revenue of $611.00 million during the quarter, compared to the consensus estimate of $667.04 million. During the same period last year, the company earned $4.19 earnings per share. The business’s quarterly revenue was down 45.9% compared to the same quarter last year. On average, equities research analysts anticipate that Louisiana-Pacific will post 3.41 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 32.54%.

Louisiana-Pacific Company Profile

(Get Free Report

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through: Siding, Oriented Strand Board, and South America. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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