Seaport Res Ptn Has Positive Outlook for LPX FY2024 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Equities research analysts at Seaport Res Ptn increased their FY2024 earnings estimates for Louisiana-Pacific in a research report issued on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings of $5.80 per share for the year, up from their prior forecast of $5.60. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.59 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.10 EPS.

A number of other research firms have also recently issued reports on LPX. DA Davidson lifted their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and an average target price of $108.38.

Louisiana-Pacific Trading Down 0.4 %

NYSE:LPX opened at $114.50 on Wednesday. The stock has a market cap of $8.04 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.94. Louisiana-Pacific has a fifty-two week low of $63.76 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The stock’s 50-day moving average is $111.82 and its two-hundred day moving average is $104.21.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in LPX. UMB Bank n.a. increased its position in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific in the 4th quarter valued at $35,000. Versant Capital Management Inc increased its holdings in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at $38,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth about $43,000. Institutional investors and hedge funds 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.