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

Louisiana-Pacific Corporation (NYSE:LPX) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $105.4286.

A number of brokerages have recently issued reports on LPX. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 22nd. Vertical Research assumed coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They set a “buy” rating on the stock. Finally, TD Securities decreased their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th.

Louisiana-Pacific Trading Down 1.4%

NYSE LPX opened at $81.84 on Thursday. The firm has a market capitalization of $5.70 billion, a PE ratio of 26.49 and a beta of 1.81. The business’s 50-day moving average price is $82.88 and its two-hundred day moving average price is $88.40. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 12 month low of $73.42 and a 12 month high of $119.91.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same period in the prior year, the firm earned $1.22 earnings per share. Louisiana-Pacific’s revenue was down 8.2% compared to the same quarter last year. On average, analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, November 14th. Louisiana-Pacific’s payout ratio is presently 36.25%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 42,514 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $86.25, for a total value of $3,666,832.50. Following the transaction, the chief executive officer directly owned 559,908 shares of the company’s stock, valued at approximately $48,292,065. The trade was a 7.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen E. Macadam acquired 3,200 shares of Louisiana-Pacific stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $78.06 per share, with a total value of $249,792.00. Following the transaction, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC boosted its position in shares of Louisiana-Pacific by 33,243.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after purchasing an additional 2,581,023 shares in the last quarter. Eminence Capital LP raised its stake in Louisiana-Pacific by 72.3% during the 2nd quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock worth $248,291,000 after buying an additional 1,211,495 shares during the period. Boston Partners acquired a new position in Louisiana-Pacific during the 3rd quarter worth approximately $100,770,000. Norges Bank bought a new position in Louisiana-Pacific in the second quarter worth approximately $72,299,000. Finally, 59 North Capital Management LP grew its stake in Louisiana-Pacific by 32.1% in the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock valued at $240,863,000 after acquiring an additional 635,817 shares during the period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Company Profile

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.