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

Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at Seaport Res Ptn upped their Q1 2024 earnings per share (EPS) estimates for Louisiana-Pacific in a report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings of $1.13 per share 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.

Several other equities analysts have also recently commented on LPX. TD Securities upped their price target on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. DA Davidson restated a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Truist Financial increased their price objective on 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 Cowen reiterated a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $73.71.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $0.24 during trading hours on Wednesday, hitting $72.75. 968,190 shares of the company’s stock were exchanged, compared to its average volume of 877,893. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $84.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 29.79 and a beta of 1.84. The company’s 50-day moving average price is $75.92 and its 200-day moving average price is $67.04.

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, topping the consensus estimate of $0.54 by $0.17. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio is 42.45%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 1.53% of the stock is currently owned by company insiders.

Institutional Trading of Louisiana-Pacific

Several hedge funds have recently added to or reduced their stakes in LPX. Channing Capital Management LLC acquired a new stake in Louisiana-Pacific during the 4th quarter worth $73,662,000. Norges Bank acquired a new stake in Louisiana-Pacific during the 4th quarter worth $53,186,000. Balyasny Asset Management L.P. raised its stake in Louisiana-Pacific by 16,827.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock worth $50,789,000 after buying an additional 712,823 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Louisiana-Pacific by 83.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after buying an additional 712,671 shares during the period. Finally, First Trust Advisors LP raised its stake in Louisiana-Pacific by 24.7% during the 1st quarter. First Trust Advisors LP now owns 3,311,921 shares of the building manufacturing company’s stock worth $205,737,000 after buying an additional 655,132 shares during the period. 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.