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

Louisiana-Pacific Corporation (NYSE:LPX) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $97.25.

Several analysts have issued reports on the stock. Barclays decreased their price target on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. TD upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, May 7th. DA Davidson restated a “buy” rating and issued a $114.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $76.64 on Friday. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.35 billion, a PE ratio of 64.95, a PEG ratio of 1.92 and a beta of 1.60. The firm’s fifty day simple moving average is $72.86 and its 200 day simple moving average is $80.32. Louisiana-Pacific has a 1 year low of $66.12 and a 1 year high of $102.86.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million for 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%. The business’s quarterly revenue was down 20.7% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. On average, sell-side analysts anticipate that Louisiana-Pacific will post 2 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 101.69%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the sale, the director directly owned 17,160 shares in the company, valued at $1,348,604.40. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific during the 2nd quarter worth about $26,000. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth about $29,000. Western Wealth Management LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter worth about $25,000. Parallel Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after acquiring an additional 255 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after acquiring an additional 277 shares during the period. 94.73% of the stock is owned by 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.