Seaport Res Ptn Analysts Boost Earnings Estimates for Louisiana-Pacific Co. (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Stock analysts at Seaport Res Ptn raised their Q1 2024 earnings per share (EPS) estimates for shares of Louisiana-Pacific in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now forecasts that the building manufacturing company will post earnings per share of $1.13 for the quarter, up from their prior forecast of $1.00. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q3 2024 earnings at $1.07 EPS and Q4 2024 earnings at $0.80 EPS.

LPX has been the topic of a number of other research reports. TD Securities raised their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. DA Davidson restated a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Royal Bank of Canada raised their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Finally, TD Cowen reiterated a “hold” rating and set a $75.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Stock Down 1.0 %

Shares of NYSE:LPX opened at $72.02 on Wednesday. The company’s fifty day moving average is $76.10 and its two-hundred day moving average is $67.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $84.54. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 29.40 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC boosted its holdings in Louisiana-Pacific by 0.6% during the fourth quarter. Neuberger Berman Group LLC now owns 32,177 shares of the building manufacturing company’s stock worth $1,905,000 after buying an additional 189 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Louisiana-Pacific by 2.5% during the 1st quarter. Captrust Financial Advisors now owns 9,020 shares of the building manufacturing company’s stock worth $560,000 after acquiring an additional 220 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Louisiana-Pacific by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 80,376 shares of the building manufacturing company’s stock worth $5,693,000 after acquiring an additional 245 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Louisiana-Pacific by 4.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,532 shares of the building manufacturing company’s stock worth $392,000 after purchasing an additional 250 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Louisiana-Pacific by 7.9% during the second quarter. IFP Advisors Inc now owns 3,469 shares of the building manufacturing company’s stock valued at $260,000 after purchasing an additional 254 shares during the last quarter. 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.