Louisiana-Pacific Corporation (NYSE:LPX) Stock Has Consensus Target Price of $93.67 According to Analysts

Louisiana-Pacific Corporation (NYSE:LPX) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $93.67.

Several research firms recently weighed in on LPX. Jefferies Financial Group initiated coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price target on the stock. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Finally, TD boosted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Louisiana-Pacific in the second quarter valued at about $506,638,000. Berkshire Hathaway Inc bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at approximately $445,593,000. Capital Research Global Investors lifted its position in Louisiana-Pacific by 306.2% during the fourth quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock valued at $102,848,000 after purchasing an additional 960,000 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of Louisiana-Pacific by 29.9% in the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock valued at $326,927,000 after acquiring an additional 932,177 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Louisiana-Pacific in the 1st quarter valued at approximately $56,596,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $64.68 on Friday. The firm has a market cap of $4.52 billion, a PE ratio of 81.87, a price-to-earnings-growth ratio of 9.31 and a beta of 1.59. Louisiana-Pacific has a fifty-two week low of $64.49 and a fifty-two week high of $100.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. The business has a 50 day moving average price of $70.67 and a 200-day moving average price of $72.82.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm had revenue of $664.00 million during the quarter, compared to analysts’ expectations of $667.31 million. During the same quarter in the previous year, the firm posted $0.99 EPS. Louisiana-Pacific’s revenue was down 12.1% compared to the same quarter last year. Equities research analysts predict that Louisiana-Pacific will post 1.17 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.