Louisiana-Pacific Corporation (LPX) – What Are Analysts Thinking About This Stock?

Louisiana-Pacific Corporation (NYSE:LPX) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $89.50.

Several research analysts have commented on LPX shares. Barclays dropped their price target on Louisiana-Pacific from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. DA Davidson reissued a “buy” rating and issued a $99.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. Wolfe Research began coverage on shares of Louisiana-Pacific in a research note on Thursday, September 10th. They issued an “outperform” rating and a $90.00 price objective on the stock. Royal Bank Of Canada lowered their price objective on shares of Louisiana-Pacific from $92.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Louisiana-Pacific during the 2nd quarter worth $506,638,000. Berkshire Hathaway Inc acquired a new stake in Louisiana-Pacific during the 2nd quarter worth $445,593,000. Deprince Race & Zollo Inc. acquired a new stake in Louisiana-Pacific during the 1st quarter worth $56,596,000. Bank of New York Mellon Corp bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $43,845,000. Finally, Maple Rock Capital Partners Inc. lifted its stake in Louisiana-Pacific by 36.8% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after buying an additional 409,300 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Trading Up 0.2%

Shares of NYSE:LPX opened at $73.92 on Wednesday. The company has a market cap of $5.17 billion, a P/E ratio of 93.56, a P/E/G ratio of 5.71 and a beta of 1.63. The stock’s 50-day moving average is $68.49 and its 200-day moving average is $72.26. Louisiana-Pacific has a 52-week low of $62.18 and a 52-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.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $667.31 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. Equities research analysts predict that Louisiana-Pacific will post 1.13 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.30 dividend. The ex-dividend date was Friday, August 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 currently 151.90%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.