Louisiana-Pacific Co. (NYSE:LPX) – Equities researchers at DA Davidson lowered their FY2019 EPS estimates for Louisiana-Pacific in a report issued on Wednesday, November 6th. DA Davidson analyst S. Chercover now forecasts that the building manufacturing company will earn $0.39 per share for the year, down from their prior estimate of $0.58. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2019 earnings at $0.07 EPS.
LPX has been the subject of several other reports. Zacks Investment Research upgraded Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research note on Friday, August 2nd. Royal Bank of Canada increased their price objective on Louisiana-Pacific to $35.00 and gave the stock a “top pick” rating in a research note on Wednesday. BMO Capital Markets increased their price objective on Louisiana-Pacific from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday. Longbow Research lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 2nd. Finally, ValuEngine lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $30.82.
Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, November 5th. The building manufacturing company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). Louisiana-Pacific had a return on equity of 4.93% and a net margin of 2.67%. The company had revenue of $603.00 million for the quarter, compared to analyst estimates of $606.71 million. During the same quarter in the prior year, the company earned $0.83 earnings per share. The business’s revenue was down 18.2% compared to the same quarter last year.
Large investors have recently made changes to their positions in the company. Coastal Capital Group Inc. acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $27,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $262,000. Bank of Montreal Can increased its stake in shares of Louisiana-Pacific by 108.2% in the second quarter. Bank of Montreal Can now owns 657,086 shares of the building manufacturing company’s stock valued at $17,228,000 after buying an additional 341,453 shares in the last quarter. UBS Group AG increased its stake in shares of Louisiana-Pacific by 104.2% in the second quarter. UBS Group AG now owns 273,532 shares of the building manufacturing company’s stock valued at $7,172,000 after buying an additional 139,565 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Louisiana-Pacific by 14.6% in the second quarter. Aperio Group LLC now owns 61,713 shares of the building manufacturing company’s stock valued at $1,618,000 after buying an additional 7,878 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.85%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.71%.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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