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

Posted by Defense World Staff on Oct 20th, 2023

Louisiana-Pacific Co. (NYSE:LPX – Get Free Report) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $76.00.

Several analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $82.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Bank of America raised their price objective on shares of Louisiana-Pacific from $58.00 to $60.00 in a research note on Monday, July 10th. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, October 5th. DA Davidson upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Wednesday, August 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Louisiana-Pacific from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd.

Check Out Our Latest Research Report on Louisiana-Pacific

Louisiana-Pacific Stock Down 1.7 %

LPX stock opened at $53.99 on Tuesday. Louisiana-Pacific has a one year low of $50.54 and a one year high of $79.56. The stock has a market capitalization of $3.89 billion, a PE ratio of 18.30 and a beta of 1.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 2.51. The company has a fifty day moving average of $58.09 and a 200-day moving average of $62.77.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last released its earnings results on Wednesday, August 2nd. The building manufacturing company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). Louisiana-Pacific had a return on equity of 16.60% and a net margin of 7.96%. The firm had revenue of $611.00 million during the quarter, compared to analyst estimates of $667.04 million. During the same quarter last year, the business posted $4.19 EPS. The firm’s revenue was down 45.9% on a year-over-year basis. As a group, analysts expect that Louisiana-Pacific will post 3.2 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, August 10th. Louisiana-Pacific’s payout ratio is currently 32.54%.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. acquired a new position in Louisiana-Pacific during the first quarter worth about $25,000. Bartlett & Co. LLC purchased a new stake in shares of Louisiana-Pacific during the second quarter worth about $30,000. Allworth Financial LP grew its holdings in shares of Louisiana-Pacific by 3,494.7% during the first quarter. Allworth Financial LP now owns 683 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 664 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Louisiana-Pacific by 36.5% during the second quarter. Fifth Third Bancorp now owns 497 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 133 shares in the last quarter. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Louisiana-Pacific during the second quarter worth about $42,000. Institutional investors and hedge funds own 91.94% of the company’s stock.

About Louisiana-Pacific

(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.