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

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $97.25.

Several equities research analysts have weighed in on LPX shares. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Truist Financial restated a “buy” rating and issued a $93.00 price objective (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Barclays dropped their price objective on shares of Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $76.24 on Friday. Louisiana-Pacific has a 1 year low of $66.12 and a 1 year high of $102.86. The firm has a 50 day moving average of $72.83 and a 200-day moving average of $80.35. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.33 billion, a P/E ratio of 64.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.24. The firm had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 EPS. As a group, sell-side analysts anticipate that Louisiana-Pacific will post 2 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific’s payout ratio is 101.69%.

Insiders Place Their Bets

In related news, Director Lizanne M. Bruce sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares in the company, valued at $1,348,604.40. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC bought a new position in Louisiana-Pacific in the 1st quarter worth approximately $21,513,000. Western Wealth Management LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter valued at $25,000. Janus Henderson Group PLC raised its position in shares of Louisiana-Pacific by 19.7% during the 1st quarter. Janus Henderson Group PLC now owns 81,707 shares of the building manufacturing company’s stock valued at $5,947,000 after acquiring an additional 13,468 shares during the last quarter. South Dakota Investment Council raised its position in shares of Louisiana-Pacific by 351.5% during the 1st quarter. South Dakota Investment Council now owns 97,832 shares of the building manufacturing company’s stock valued at $7,117,000 after acquiring an additional 76,165 shares during the last quarter. Finally, Amundi raised its position in shares of Louisiana-Pacific by 311.0% during the 1st quarter. Amundi now owns 85,466 shares of the building manufacturing company’s stock valued at $6,218,000 after acquiring an additional 64,671 shares during the last quarter. Institutional investors 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.