Louisiana-Pacific Co. (NYSE:LPX) has been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $31.50.
Several brokerages have commented on LPX. Seaport Global Securities began coverage on shares of Louisiana-Pacific in a research report on Thursday, March 15th. They set a “buy” rating and a $37.00 target price for the company. Scotiabank upped their target price on shares of Louisiana-Pacific from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. DA Davidson upped their target price on shares of Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Stephens set a $32.00 target price on shares of Louisiana-Pacific and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, BMO Capital Markets set a $25.00 target price on shares of Louisiana-Pacific and gave the company a “sell” rating in a research report on Tuesday, February 13th.
Shares of LPX stock opened at $28.85 on Friday. The company has a market cap of $4,209.34, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.58. Louisiana-Pacific has a 1 year low of $22.07 and a 1 year high of $31.07. The company has a current ratio of 5.03, a quick ratio of 4.07 and a debt-to-equity ratio of 0.22.
Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.58 by $0.15. The company had revenue of $710.60 million during the quarter, compared to analysts’ expectations of $654.26 million. Louisiana-Pacific had a net margin of 14.26% and a return on equity of 24.05%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. equities research analysts forecast that Louisiana-Pacific will post 2.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, February 23rd. Louisiana-Pacific’s dividend payout ratio is currently 19.48%.
In related news, Director Gary Cook sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the sale, the director now owns 50,026 shares in the company, valued at approximately $1,429,743.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Neil Sherman sold 18,885 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $30.04, for a total transaction of $567,305.40. Following the completion of the sale, the executive vice president now owns 62,770 shares of the company’s stock, valued at approximately $1,885,610.80. The disclosure for this sale can be found here. 1.48% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in shares of Louisiana-Pacific by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after buying an additional 56 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Louisiana-Pacific by 2.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 81,193 shares of the construction company’s stock valued at $2,132,000 after buying an additional 1,952 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Louisiana-Pacific by 24.4% in the 4th quarter. Flinton Capital Management LLC now owns 10,688 shares of the construction company’s stock valued at $281,000 after buying an additional 2,096 shares in the last quarter. Profund Advisors LLC increased its position in shares of Louisiana-Pacific by 12.6% in the 4th quarter. Profund Advisors LLC now owns 22,177 shares of the construction company’s stock valued at $582,000 after buying an additional 2,477 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Louisiana-Pacific by 43.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after purchasing an additional 2,481 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.
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Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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