Analysts Set Louisiana-Pacific Co. (NYSE:LPX) Price Target at $111.50

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $111.50.

A number of analysts recently commented on the company. BMO Capital Markets raised their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Royal Bank of Canada restated an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. TD Securities reduced their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Loop Capital decreased their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. Finally, Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th.

Louisiana-Pacific Trading Down 1.9 %

Shares of NYSE:LPX traded down $1.82 during trading on Tuesday, reaching $91.67. 303,979 shares of the company traded hands, compared to its average volume of 758,552. 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 52-week low of $71.39 and a 52-week high of $122.87. The business's fifty day moving average is $103.96 and its 200-day moving average is $106.42. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.24 and a beta of 2.02.

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

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is presently 19.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake in shares of Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock worth $50,000 after purchasing an additional 201 shares during the period. Charles Schwab Investment Management Inc. raised its position in Louisiana-Pacific by 32.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock worth $71,192,000 after acquiring an additional 162,976 shares during the period. Cerity Partners LLC raised its position in 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 acquiring an additional 43,717 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Louisiana-Pacific during the 3rd quarter worth $237,000. Finally, Bank of Montreal Can grew its position in shares of Louisiana-Pacific by 2.4% during the 3rd quarter. Bank of Montreal Can now owns 70,446 shares of the building manufacturing company's stock valued at $7,552,000 after acquiring an additional 1,650 shares during the period. Institutional investors own 94.73% of the company's stock.

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.