What is Seaport Res Ptn's Forecast for LPX FY2024 Earnings?

Louisiana-Pacific Co. (NYSE:LPX - Free Report) - Analysts at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for Louisiana-Pacific in a research report issued on Thursday, October 24th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings per share of $5.20 for the year, down from their prior estimate of $5.25. The consensus estimate for Louisiana-Pacific's current full-year earnings is $5.04 per share.

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

A number of other research analysts have also issued reports on LPX. StockNews.com upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a research report on Thursday, August 8th. Truist Financial lifted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Bank of America increased their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Finally, BMO Capital Markets downgraded Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and a consensus price target of $93.56.

Louisiana-Pacific Stock Performance

NYSE:LPX traded up $1.45 during mid-day trading on Monday, reaching $102.22. 484,622 shares of the company's stock were exchanged, compared to its average volume of 846,518. Louisiana-Pacific has a one year low of $49.47 and a one year high of $109.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The business's fifty day simple moving average is $100.79 and its two-hundred day simple moving average is $91.54. The firm has a market capitalization of $7.33 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds have recently added to or reduced their stakes in LPX. Price T Rowe Associates Inc. MD lifted its holdings in Louisiana-Pacific by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company's stock worth $146,026,000 after buying an additional 177,132 shares during the period. Marshall Wace LLP lifted its stake in shares of Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock worth $103,363,000 after acquiring an additional 602,803 shares during the period. William Blair Investment Management LLC bought a new stake in Louisiana-Pacific in the second quarter valued at approximately $91,053,000. Jacobs Levy Equity Management Inc. increased its position in Louisiana-Pacific by 6.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company's stock valued at $77,660,000 after purchasing an additional 57,966 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock worth $36,834,000 after purchasing an additional 292,200 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares of the company's stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is owned by insiders.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 28.57%.

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.