Louisiana-Pacific Co. (NYSE:LPX) Given “Hold” rating by analysts

Louisiana-Pacific Co. stock. (NYSE:LPX – Get Your Free Report ) has earned an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $94.88.

Several brokerages have recently issued reports on LPX. BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research report on Thursday. Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research report on Thursday. TD Securities boosted their price target on Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, May 9th. DA Davidson upped their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Finally, Truist Financial restated a “buy” rating and issued a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday .

Read our latest analysis of LPX

Performance of Louisiana-Pacific shares

Louisiana-Pacific stock opened at $95.37 on Monday. The company has a 50-day moving average of $89.31 and a 200-day moving average of $81.54. The company has a market cap of $6.84 billion, a P/E ratio of 26.20, a P/E/G ratio of 13.92 and a beta of 1.89. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $101.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32, and a quick ratio of 1.75.

Louisiana-Pacific (NYSE:LPX – Get Your Free Report ) last announced its quarterly earnings results on Wednesday, August 7th. The construction manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The company’s revenue increased by 33.2% year-on-year. During the same period in the previous year, the company posted EPS of $0.55. On average, equities research analysts predict that Louisiana-Pacific will post 5.23 earnings per share for the current year.

Louisiana-Pacific announces dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, August 20. This represents a dividend of $1.04 on an annualized basis and a dividend yield of 1.09%. Louisiana-Pacific’s payout rate is currently 28.57%.

Insider buying and selling

In other news, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares in the company, valued at $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. The disclosure for this sale can be found here. 1.26% of shares are held by insiders.

Institutional inputs and outputs

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in Louisiana-Pacific in the 4th quarter valued at about $4,254,000. Cerity Partners LLC purchased a new stake in shares of Louisiana-Pacific in the fourth quarter valued at approximately $2,559,000. Simplicity Solutions LLC bought a new position in shares of Louisiana-Pacific in the fourth quarter valued at about $204,000. Louisiana State Employees Retirement System purchased a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $1,275,000. Finally, Vontobel Holding Ltd. bought a new stake in Louisiana-Pacific during the fourth quarter valued at $485,000. 94.73% of shares are currently owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

(Get a free report

Louisiana-Pacific Corporation, together with its subsidiaries, provides construction solutions primarily for use in the new home construction, repair and remodeling, and exterior structure markets. It operates through Siding, Oriented Strand Board, LP South America and other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries siding products and LP Outdoor Building Solutions; and wood siding, trim, soffit and fascia products.

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