Louisiana-Pacific Corporation (NYSE:LPX) Receives $106.57 Average PT from Analysts

Louisiana-Pacific Corporation (NYSE:LPX) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $106.5714.

Several research firms have commented on LPX. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Vertical Research started coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating for the company. Barclays increased their target price on Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada decreased their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, TD Securities dropped their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th.

Louisiana-Pacific Trading Down 1.5%

NYSE:LPX opened at $91.25 on Monday. Louisiana-Pacific has a 12-month low of $73.42 and a 12-month high of $119.91. The firm has a market cap of $6.35 billion, a PE ratio of 29.53 and a beta of 1.80. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $84.24 and a 200 day moving average price of $88.34.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.Louisiana-Pacific’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. Sell-side analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

Insider Buying and Selling

In related news, CEO William Bradley Southern sold 14,166 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $93.08, for a total value of $1,318,571.28. Following the transaction, the chief executive officer directly owned 489,215 shares of the company’s stock, valued at $45,536,132.20. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Macadam purchased 3,200 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $78.06 per share, with a total value of $249,792.00. Following the completion of the transaction, the director owned 41,149 shares of the company’s stock, valued at $3,212,090.94. The trade was a 8.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 113,344 shares of company stock worth $10,170,949. 1.42% of the stock is owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Louisiana-Pacific by 4.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock worth $279,000 after buying an additional 136 shares during the period. Moran Wealth Management LLC increased its position in Louisiana-Pacific by 2.4% during the second quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock worth $568,000 after buying an additional 156 shares during the period. Elo Mutual Pension Insurance Co lifted its stake in Louisiana-Pacific by 1.5% in the third quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock valued at $1,024,000 after buying an additional 166 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock valued at $611,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.