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

Louisiana-Pacific Corporation (NYSE:LPX) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $97.25.

A number of analysts have recently issued reports on LPX shares. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, May 7th. Oppenheimer dropped their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Barclays dropped their price objective on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a report on Thursday, May 7th.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in shares of Louisiana-Pacific in the first quarter worth approximately $25,000. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the second quarter worth approximately $26,000. Parallel Advisors LLC boosted its holdings in shares of 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 during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth approximately $29,000. Finally, Root Financial Partners LLC boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $75.34 on Thursday. The firm’s 50-day moving average price is $73.31 and its 200-day moving average price is $80.02. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.26 billion, a PE ratio of 63.85, a PEG ratio of 1.94 and a beta of 1.59. Louisiana-Pacific has a 52-week low of $66.12 and a 52-week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 EPS. As a group, analysts anticipate that Louisiana-Pacific will post 2 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 101.69%.

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.