Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPXGet Rating) have received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $66.50.

A number of equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Louisiana-Pacific in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TD Securities reduced their target price on Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Bank of America downgraded Louisiana-Pacific from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $64.00 to $56.00 in a research note on Tuesday, September 20th. Finally, DA Davidson lifted their price target on Louisiana-Pacific to $70.00 in a research note on Monday, August 15th.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $61.66 on Friday. The firm has a market capitalization of $4.42 billion, a P/E ratio of 3.96 and a beta of 1.61. Louisiana-Pacific has a 52 week low of $48.20 and a 52 week high of $79.77. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $54.87 and its two-hundred day moving average is $58.95.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, November 8th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 5.65%.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently made changes to their positions in LPX. Financial Management Professionals Inc. grew its stake in shares of Louisiana-Pacific by 2,900.0% in the second quarter. Financial Management Professionals Inc. now owns 480 shares of the building manufacturing company’s stock worth $25,000 after purchasing an additional 464 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at $25,000. Atlas Capital Advisors LLC acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $42,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $52,000. Finally, CNB Bank acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $66,000. 91.07% of the stock is owned by institutional investors and hedge funds.

About Louisiana-Pacific

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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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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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