DA Davidson Comments on Louisiana-Pacific Co.’s FY2024 Earnings (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Equities research analysts at DA Davidson increased their FY2024 earnings estimates for Louisiana-Pacific in a report issued on Thursday, April 25th. DA Davidson analyst K. Yinger now anticipates that the building manufacturing company will earn $5.39 per share for the year, up from their prior estimate of $3.71. DA Davidson has a “Buy” rating and a $76.00 price objective on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $4.89 per share.

Louisiana-Pacific (NYSE:LPX) last released 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. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 6.7% on a year-over-year basis.

Several other research analysts also recently weighed in on LPX. TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Truist Financial lifted their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. TD Cowen reaffirmed a “hold” rating and set a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. TD Securities upped their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price objective on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and an average target price of $73.71.

Louisiana-Pacific Price Performance

NYSE LPX opened at $74.16 on Monday. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $84.54. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 30.27 and a beta of 1.84. The company’s 50 day moving average is $76.73 and its two-hundred day moving average is $68.32.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. Louisiana-Pacific’s payout ratio is 42.45%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the sale, the director now directly owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new position in shares of Louisiana-Pacific during the first quarter worth approximately $25,000. Larson Financial Group LLC bought a new stake in Louisiana-Pacific during the 3rd quarter valued at $37,000. Signaturefd LLC lifted its holdings in shares of Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after buying an additional 552 shares during the period. Principal Securities Inc. bought a new position in shares of Louisiana-Pacific during the 4th quarter worth $75,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Louisiana-Pacific during the fourth quarter valued at $92,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

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.