DA Davidson Predicts Higher Earnings for Louisiana-Pacific

Louisiana-Pacific Co. (NYSE:LPX - Free Report) - Research analysts at DA Davidson upped their FY2024 earnings per share estimates for Louisiana-Pacific in a report released on Wednesday, November 6th. DA Davidson analyst K. Yinger now anticipates that the building manufacturing company will earn $5.53 per share for the year, up from their previous forecast of $5.28. DA Davidson has a "Buy" rating and a $125.00 price objective on the stock. The consensus estimate for Louisiana-Pacific's current full-year earnings is $5.12 per share. DA Davidson also issued estimates for Louisiana-Pacific's Q4 2024 earnings at $0.67 EPS.

Several other equities analysts have also commented on LPX. Truist Financial upped their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. StockNews.com raised Louisiana-Pacific from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. TD Securities increased their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a report on Wednesday. BMO Capital Markets lowered Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. Finally, The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $101.78.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.67 during trading on Thursday, hitting $108.82. 458,247 shares of the company traded hands, compared to its average volume of 846,415. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 4.63 and a beta of 1.88. The business's fifty day moving average is $101.89 and its 200-day moving average is $92.98. Louisiana-Pacific has a one year low of $57.13 and a one year high of $113.04. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business's revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific's payout ratio is currently 16.91%.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now owns 29,008 shares of the company's stock, valued at $2,787,668.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,900 shares of company stock valued at $3,368,774. 1.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. Quest Partners LLC lifted its holdings in shares of Louisiana-Pacific by 58.9% in the third quarter. Quest Partners LLC now owns 9,530 shares of the building manufacturing company's stock valued at $1,024,000 after purchasing an additional 3,533 shares in the last quarter. Chesapeake Capital Corp IL lifted its holdings in shares of Louisiana-Pacific by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 7,622 shares of the building manufacturing company's stock valued at $817,000 after purchasing an additional 1,663 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company's stock valued at $2,136,000 after purchasing an additional 14,001 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at $224,000. Finally, Metis Global Partners LLC lifted its holdings in shares of Louisiana-Pacific by 114.7% in the third quarter. Metis Global Partners LLC now owns 6,510 shares of the building manufacturing company's stock valued at $700,000 after purchasing an additional 3,478 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor 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 lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.