Louisiana-Pacific Co. Expected to Post FY2024 Earnings of $5.39 Per Share (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Investment analysts at DA Davidson boosted their FY2024 earnings per share (EPS) estimates for shares of Louisiana-Pacific in a research report issued on Thursday, April 25th. DA Davidson analyst K. Yinger now anticipates that the building manufacturing company will post earnings of $5.39 per share for the year, up from their prior forecast 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 posted its 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 firm had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year.

Several other equities research analysts also recently commented on the company. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. TD Cowen restated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Truist Financial boosted their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. TD Securities boosted their price target on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada upped 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 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, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $73.71.

Louisiana-Pacific Trading Down 1.3 %

Louisiana-Pacific stock opened at $73.18 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. The business’s fifty day simple moving average is $76.83 and its two-hundred day simple moving average is $68.46. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $84.54. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 29.87 and a beta of 1.84.

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 issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is presently 42.45%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. LifeSteps Financial Inc. acquired a new position in shares of Louisiana-Pacific in the 1st quarter valued at $25,000. Larson Financial Group LLC acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at $37,000. Signaturefd LLC lifted its stake 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 valued at $56,000 after purchasing an additional 552 shares during the period. Principal Securities Inc. acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at $75,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at $92,000. 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.