Louisiana-Pacific Co. (NYSE:LPX) – Equities research analysts at Seaport Global Securities boosted their Q3 2021 EPS estimates for Louisiana-Pacific in a research report issued to clients and investors on Monday, April 5th. Seaport Global Securities analyst M. Weintraub now forecasts that the building manufacturing company will post earnings of $1.19 per share for the quarter, up from their prior estimate of $1.02. Seaport Global Securities also issued estimates for Louisiana-Pacific’s Q4 2021 earnings at $0.87 EPS and FY2021 earnings at $7.05 EPS.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Monday, February 15th. The building manufacturing company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.27. The business had revenue of $860.00 million during the quarter, compared to analysts’ expectations of $790.00 million. Louisiana-Pacific had a return on equity of 26.04% and a net margin of 7.79%.

Several other equities analysts have also commented on the stock. Stephens upgraded shares of Louisiana-Pacific from an “underweight” rating to an “equal weight” rating in a report on Wednesday, February 17th. BMO Capital Markets upped their price target on Louisiana-Pacific from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 16th. Zacks Investment Research cut Louisiana-Pacific from a “strong-buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a research note on Tuesday, March 30th. DA Davidson increased their target price on Louisiana-Pacific from $40.00 to $50.00 in a research note on Friday, January 22nd. Finally, Royal Bank of Canada raised their target price on Louisiana-Pacific from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Louisiana-Pacific presently has a consensus rating of “Buy” and a consensus price target of $44.75.

Shares of LPX stock opened at $60.07 on Wednesday. Louisiana-Pacific has a 1-year low of $15.56 and a 1-year high of $61.56. The firm has a market cap of $6.40 billion, a PE ratio of 35.13 and a beta of 1.82. The company has a 50-day moving average of $51.39 and a two-hundred day moving average of $39.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.70 and a quick ratio of 2.73.

A number of large investors have recently bought and sold shares of LPX. THB Asset Management lifted its holdings in Louisiana-Pacific by 0.7% during the 4th quarter. THB Asset Management now owns 41,276 shares of the building manufacturing company’s stock worth $1,534,000 after buying an additional 291 shares during the last quarter. Captrust Financial Advisors lifted its stake in Louisiana-Pacific by 61.1% during the fourth quarter. Captrust Financial Advisors now owns 1,026 shares of the building manufacturing company’s stock worth $38,000 after purchasing an additional 389 shares during the last quarter. Harvest Investment Services LLC boosted its holdings in Louisiana-Pacific by 5.9% in the fourth quarter. Harvest Investment Services LLC now owns 10,080 shares of the building manufacturing company’s stock valued at $374,000 after purchasing an additional 566 shares in the last quarter. California State Teachers Retirement System increased its stake in Louisiana-Pacific by 0.4% in the third quarter. California State Teachers Retirement System now owns 170,777 shares of the building manufacturing company’s stock valued at $5,040,000 after purchasing an additional 697 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Louisiana-Pacific by 2.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,751 shares of the building manufacturing company’s stock worth $957,000 after purchasing an additional 733 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Lizanne C. Gottung sold 5,000 shares of the firm’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the director now directly owns 25,371 shares in the company, valued at approximately $1,268,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Sims sold 12,824 shares of Louisiana-Pacific stock in a transaction on Thursday, February 25th. The stock was sold at an average price of $48.50, for a total transaction of $621,964.00. Following the sale, the senior vice president now directly owns 83,523 shares of the company’s stock, valued at $4,050,865.50. The disclosure for this sale can be found here. Insiders sold a total of 17,923 shares of company stock worth $876,686 in the last ninety days. 0.40% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which was paid on Monday, March 8th. Shareholders of record on Monday, February 22nd were issued a dividend of $0.16 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 19th. This represents a $0.64 annualized dividend and a yield of 1.07%. Louisiana-Pacific’s dividend payout ratio is 172.97%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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