Louisiana-Pacific Co. (NYSE:LPX – Free Report) – Research analysts at DA Davidson raised their FY2024 earnings estimates for shares of Louisiana-Pacific in a research note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger now forecasts that the building manufacturing company will earn $5.53 per share for the year, up from their previous estimate of $5.28. DA Davidson has a “Buy” rating and a $125.00 price target on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.12 per share. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.67 EPS.
Other equities research analysts have also issued research reports about the company. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial upped their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Securities increased their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $101.78.
Louisiana-Pacific Stock Down 0.3 %
Louisiana-Pacific stock opened at $108.14 on Thursday. The business’s 50-day moving average price is $101.89 and its 200 day moving average price is $92.98. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a 52 week low of $57.13 and a 52 week high of $113.04.
Louisiana-Pacific (NYSE:LPX – Get Free Report) last announced its quarterly earnings results 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. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year.
Louisiana-Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 16.91%.
Insider Transactions at Louisiana-Pacific
In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the 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 in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock valued at $3,368,774. Corporate insiders own 1.53% of the company’s stock.
Institutional Trading of Louisiana-Pacific
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new position in Louisiana-Pacific in the first quarter worth approximately $25,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter worth about $38,000. Whittier Trust Co. purchased a new stake in Louisiana-Pacific in the 1st quarter valued at about $31,000. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific in the third quarter valued at about $43,000. Finally, Covestor Ltd boosted its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Louisiana-Pacific
- Utilities Stocks Explained – How and Why to Invest in Utilities
- What a Trump Win Looks Like for the Market Now and Into 2025
- What is the Dow Jones Industrial Average (DJIA)?
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- Why Invest in High-Yield Dividend Stocks?
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.