Analysts Set Louisiana-Pacific Corporation (NYSE:LPX) Target Price at $94.00

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

A number of analysts recently commented on the company. Bank of America upped their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Jefferies Financial Group assumed coverage on Louisiana-Pacific in a research note on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price target for the company. Oppenheimer reduced their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in Louisiana-Pacific during the first quarter valued at $25,000. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific during the second quarter valued at about $26,000. Parallel Advisors LLC increased its position in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after buying an additional 255 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Louisiana-Pacific in the fourth quarter worth about $29,000. Finally, Root Financial Partners LLC raised its stake in shares of Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $74.15 on Friday. Louisiana-Pacific has a 1 year low of $66.12 and a 1 year high of $101.28. The firm’s 50-day moving average is $75.25 and its 200 day moving average is $77.09. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 93.86, a PEG ratio of 10.42 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business 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%.Louisiana-Pacific’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

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