Louisiana-Pacific (NYSE:LPX - Get Free Report) announced its quarterly earnings data on Wednesday. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24, Zacks reports. 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 for the quarter, compared to analysts' expectations of $666.75 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Louisiana-Pacific's revenue for the quarter was up 3.5% compared to the same quarter last year.
Louisiana-Pacific Stock Performance
LPX stock traded down $2.11 on Friday, reaching $98.78. The company's stock had a trading volume of 995,005 shares, compared to its average volume of 647,669. Louisiana-Pacific has a 52 week low of $67.47 and a 52 week high of $122.87. The company has a market capitalization of $6.88 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95. The firm has a fifty day moving average of $110.24 and a two-hundred day moving average of $106.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.
Louisiana-Pacific Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is 17.69%.
Insider Buying and Selling
In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on LPX shares. Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. BMO Capital Markets upped their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday. DA Davidson cut their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, The Goldman Sachs Group increased their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $108.00.
Check Out Our Latest Report on Louisiana-Pacific
Louisiana-Pacific Company Profile
(
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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.
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