Louisiana-Pacific Co. (NYSE:LPX) Receives $94.88 Consensus Target Price from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $94.88.

LPX has been the subject of several analyst reports. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Seaport Res Ptn cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a report on Thursday, August 8th. Finally, TD Securities boosted their price target on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 9th.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the sale, the director now directly owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LPX. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC grew its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after buying an additional 177 shares in the last quarter. CWM LLC increased its stake in Louisiana-Pacific by 9.0% in the 2nd quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock worth $188,000 after acquiring an additional 188 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Louisiana-Pacific by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after acquiring an additional 220 shares in the last quarter. Finally, Investment House LLC boosted its position in shares of Louisiana-Pacific by 5.5% during the 2nd quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock valued at $393,000 after acquiring an additional 250 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX opened at $94.08 on Monday. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $101.89. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 13.92 and a beta of 1.89. The company’s fifty day moving average price is $89.62 and its two-hundred day moving average price is $82.41. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same quarter in the prior year, the business posted $0.55 EPS. The firm’s revenue was up 33.2% compared to the same quarter last year. On average, analysts expect that Louisiana-Pacific will post 5.23 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a yield of 1.11%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

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.