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

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) has earned an average recommendation of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $92.67.

A number of research firms have commented on LPX. Truist Financial reissued a "buy" rating and issued a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Friday, September 13th. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a research note on Thursday, August 8th. Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research note on Thursday, September 12th. Finally, BMO Capital Markets lowered Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price objective on the stock. in a research note on Thursday, August 8th.

Louisiana-Pacific Stock Performance

Shares of LPX traded up $0.90 on Tuesday, reaching $108.36. 617,241 shares of the stock traded hands, compared to its average volume of 864,745. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 4.95 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $109.73. The stock's 50-day moving average price is $97.18 and its 200-day moving average price is $88.40.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. Louisiana-Pacific's quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities analysts forecast that Louisiana-Pacific will post 5.04 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 28.57%.

Insider Activity at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated 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 sale, the director now owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,900 shares of company stock worth $3,368,774. 1.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently modified their holdings of LPX. William Blair Investment Management LLC bought a new stake in shares of Louisiana-Pacific in the second quarter worth about $91,053,000. Balyasny Asset Management L.P. increased its holdings in shares of Louisiana-Pacific by 16,827.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company's stock worth $50,789,000 after acquiring an additional 712,823 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Louisiana-Pacific by 83.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company's stock worth $110,717,000 after buying an additional 712,671 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock worth $103,363,000 after buying an additional 602,803 shares in the last quarter. Finally, Eminence Capital LP grew its holdings in shares of Louisiana-Pacific by 31.4% during the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company's stock worth $145,697,000 after buying an additional 491,641 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

About Louisiana-Pacific

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.