Louisiana-Pacific Co. (NYSE:LPX) Receives Average Recommendation of "Hold" from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $108.63.

A number of analysts recently weighed in on LPX shares. Royal Bank of Canada restated an "outperform" rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Truist Financial dropped their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday. TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Louisiana-Pacific during the 4th quarter worth about $35,000. Versant Capital Management Inc boosted its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after acquiring an additional 232 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after purchasing an additional 259 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX traded up $1.78 during trading hours on Friday, reaching $86.34. 73,854 shares of the company's stock traded hands, compared to its average volume of 739,471. The business's fifty day simple moving average is $92.21 and its two-hundred day simple moving average is $104.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific has a twelve month low of $72.06 and a twelve 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same period last year, the company posted $0.71 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. Analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 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.