Louisiana-Pacific Co. (NYSE:LPX – Get Rating) shares gapped down prior to trading on Tuesday . The stock had previously closed at $54.62, but opened at $52.85. Louisiana-Pacific shares last traded at $53.19, with a volume of 6,010 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have commented on LPX shares. DA Davidson increased their price objective on shares of Louisiana-Pacific to $70.00 in a research note on Monday, August 15th. TD Securities decreased their price target on Louisiana-Pacific from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Wednesday, August 10th. The Goldman Sachs Group lowered their price objective on Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, June 23rd. Truist Financial started coverage on Louisiana-Pacific in a report on Wednesday, June 29th. They set a "hold" rating and a $57.00 target price on the stock. Finally, Bank of America lowered Louisiana-Pacific from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $64.00 to $56.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $67.50.
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Louisiana-Pacific Stock Performance
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.94 and a current ratio of 2.60. The stock has a market capitalization of $3.81 billion, a P/E ratio of 3.12 and a beta of 1.68. The stock has a 50 day moving average of $58.00 and a 200 day moving average of $61.90.
Louisiana-Pacific (NYSE:LPX – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The building manufacturing company reported $4.19 earnings per share for the quarter, missing analysts' consensus estimates of $4.38 by ($0.19). Louisiana-Pacific had a return on equity of 94.18% and a net
margin of 30.50%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $4.74 EPS. The firm's revenue was down 3.3% on a year-over-year basis. Equities analysts predict that Louisiana-Pacific Co. will post 12.99 EPS for the current year.
Louisiana-Pacific Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, August 17th. Louisiana-Pacific's dividend payout ratio (DPR) is 5.37%.
Institutional Trading of Louisiana-Pacific
Hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in shares of Louisiana-Pacific by 24.7% during the first quarter. First Trust Advisors LP now owns 3,311,921 shares of the building manufacturing company's stock valued at $205,737,000 after purchasing an additional 655,132 shares during the period. FMR LLC grew its position in Louisiana-Pacific by 3.7% in the 2nd quarter. FMR LLC now owns 2,658,071 shares of the building manufacturing company's stock valued at $139,310,000 after buying an additional 95,006 shares in the last quarter. State Street Corp increased its stake in Louisiana-Pacific by 2.1% during the 1st quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company's stock valued at $151,692,000 after buying an additional 50,575 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Louisiana-Pacific by 17.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,346,563 shares of the building manufacturing company's stock worth $145,768,000 after buying an additional 355,141 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Louisiana-Pacific by 3.8% in the 1st quarter. Bank of America Corp DE now owns 1,774,621 shares of the building manufacturing company's stock worth $110,239,000 after acquiring an additional 64,723 shares during the period. Institutional investors own 91.07% of the company's stock.
Louisiana-Pacific Company Profile
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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
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