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

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $94.00.

LPX has been the subject of several analyst reports. Zacks Research cut 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 lifted their price target on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a research report on Thursday. Barclays decreased their price objective on Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday. Truist Financial cut their target price on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group assumed coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in LPX. Geode Capital Management LLC lifted its position in Louisiana-Pacific by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after buying an additional 18,287 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Louisiana-Pacific by 2,547.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock worth $31,126,000 after acquiring an additional 370,856 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth about $14,472,000. Norges Bank acquired a new stake in shares of Louisiana-Pacific in the fourth quarter worth approximately $60,184,000. Finally, Principal Financial Group Inc. boosted its position in shares of Louisiana-Pacific by 20.5% in the first quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock worth $36,219,000 after acquiring an additional 84,661 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 1.9%

Shares of LPX stock opened at $75.88 on Friday. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a twelve month low of $66.12 and a twelve month high of $102.86. The company’s 50-day moving average price is $75.13 and its 200-day moving average price is $77.69. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 96.06, a PEG ratio of 2.52 and a beta of 1.62.

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 the consensus estimate of $0.54 by ($0.14). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $667.31 million. During the same quarter in the previous year, the business posted $0.99 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, equities analysts predict that Louisiana-Pacific will post 1.86 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 101.69%.

Trending Headlines about Louisiana-Pacific

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: DA Davidson maintained a Buy rating while lowering its price target from $103 to $99, implying approximately 30.5% upside from $75.88. Benzinga analyst note
• Positive Sentiment: Truist Financial also retained a Buy rating, reducing its target from $91 to $89, representing roughly 17.3% potential upside. Benzinga analyst note
• Positive Sentiment: Barclays kept an Overweight rating and trimmed its target from $93 to $92, still indicating approximately 21.2% upside. Benzinga analyst note
• Neutral Sentiment: Analyst target reductions suggest estimates are being reset lower, although the continued positive ratings indicate that analysts believe LPX’s valuation and longer-term prospects may support a recovery.
• Negative Sentiment: Louisiana-Pacific reported second-quarter EPS of $0.40, below consensus estimates of $0.53-$0.58 and down from $0.99 a year earlier. Revenue of $665 million was close to estimates of $667.3 million but declined 12.1% year over year. Q2 earnings report
• Negative Sentiment: Management’s updated outlook is particularly weak: third-quarter revenue guidance of $460 million-$470 million is far below the $684.3 million consensus, while full-year revenue guidance of about $1.7 billion trails the $2.6 billion estimate. The lack of stated EPS guidance adds uncertainty. Q2 earnings call transcript
• Negative Sentiment: Goldman Sachs raised its target from $66 to $74 but maintained a Sell rating, putting its target slightly below the referenced share price. Benzinga analyst note

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.