Louisiana-Pacific Co. (NYSE:LPX) Given Average Recommendation of "Hold" by Analysts

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) has earned an average recommendation of "Hold" from the nine brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $111.50.

A number of research firms have weighed in on LPX. BMO Capital Markets raised their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Loop Capital decreased their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. TD Securities cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its stake in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock valued at $50,000 after purchasing an additional 201 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Louisiana-Pacific by 32.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock worth $71,192,000 after purchasing an additional 162,976 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Louisiana-Pacific by 119.4% in the third quarter. Cerity Partners LLC now owns 80,336 shares of the building manufacturing company's stock worth $8,633,000 after purchasing an additional 43,717 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Louisiana-Pacific during the third quarter valued at $237,000. Finally, Bank of Montreal Can boosted its position in shares of Louisiana-Pacific by 2.4% during the third quarter. Bank of Montreal Can now owns 70,446 shares of the building manufacturing company's stock valued at $7,552,000 after buying an additional 1,650 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

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Louisiana-Pacific Price Performance

Shares of NYSE LPX traded up $0.11 during midday trading on Tuesday, hitting $95.25. 544,321 shares of the company's stock were exchanged, compared to its average volume of 732,173. The business's fifty day moving average price is $105.54 and its two-hundred day moving average price is $106.58. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.24 and a beta of 2.02. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 12-month low of $71.39 and a 12-month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. Louisiana-Pacific's payout ratio is presently 19.05%.

Louisiana-Pacific Company Profile

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.