Louisiana-Pacific (NYSE:LPX) Earns Hold Rating from Analysts at Loop Capital

Loop Capital initiated coverage on shares of Louisiana-Pacific (NYSE:LPX) in a research note released on Friday, Marketbeat reports. The brokerage issued a hold rating and a $82.00 price target on the building manufacturing company’s stock.

Several other equities research analysts also recently weighed in on LPX. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an outperform rating in a research report on Thursday, February 15th. TD Cowen reissued a hold rating and set a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. TheStreet downgraded shares of Louisiana-Pacific from a b- rating to a c+ rating in a research report on Thursday, February 29th. Truist Financial raised their price target on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a buy rating in a research report on Thursday, January 4th. Finally, TD Securities raised their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a hold rating in a research report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $74.75.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $74.30 on Friday. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $84.54. The company has a 50 day simple moving average of $77.05 and a two-hundred day simple moving average of $68.86. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 30.33 and a beta of 1.87. 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 (NYSE:LPX) last announced its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post 4.89 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, February 22nd. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently modified their holdings of the company. Retirement Systems of Alabama increased its holdings in Louisiana-Pacific by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after acquiring an additional 220 shares during the last quarter. Arizona State Retirement System increased its holdings in Louisiana-Pacific by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 18,461 shares of the building manufacturing company’s stock valued at $1,020,000 after acquiring an additional 255 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Louisiana-Pacific by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock valued at $2,019,000 after acquiring an additional 280 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Louisiana-Pacific by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock valued at $5,027,000 after acquiring an additional 285 shares during the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in Louisiana-Pacific in the 1st quarter valued at $25,000. 94.73% of the stock is currently owned by institutional investors.

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.