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

Louisiana-Pacific Co. (NYSE:LPX - Free Report) - Investment analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of Louisiana-Pacific in a research report issued to clients and investors on Wednesday, November 6th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings per share of $5.60 for the year, up from their previous estimate of $5.20. The consensus estimate for Louisiana-Pacific's current full-year earnings is $5.54 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific's Q4 2024 earnings at $0.76 EPS, Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $5.00 EPS.

A number of other equities analysts have also issued reports on LPX. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday. The Goldman Sachs Group raised their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific presently has an average rating of "Hold" and a consensus price target of $101.78.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.72 on Monday, reaching $112.35. 471,202 shares of the company's stock were exchanged, compared to its average volume of 844,379. The business's 50-day moving average is $102.40 and its two-hundred day moving average is $93.62. The company has a quick ratio of 1.95, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a fifty-two week low of $57.72 and a fifty-two week high of $114.26. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.74 and a beta of 1.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in Louisiana-Pacific by 4.1% during the first quarter. Private Advisor Group LLC now owns 7,839 shares of the building manufacturing company's stock worth $658,000 after acquiring an additional 312 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at approximately $804,000. SG Americas Securities LLC grew its position in Louisiana-Pacific by 1,183.9% during the first quarter. SG Americas Securities LLC now owns 65,556 shares of the building manufacturing company's stock worth $5,501,000 after buying an additional 60,450 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Louisiana-Pacific by 354.7% during the 1st quarter. Sei Investments Co. now owns 42,610 shares of the building manufacturing company's stock worth $3,575,000 after acquiring an additional 33,239 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Louisiana-Pacific in the first quarter valued at approximately $301,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company's stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is 17.93%.

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.