Q4 2024 EPS Estimates for Louisiana-Pacific Co. (NYSE:LPX) Reduced by Analyst

Louisiana-Pacific Co. (NYSE:LPX) – Seaport Res Ptn dropped their Q4 2024 earnings estimates for Louisiana-Pacific in a report released on Thursday, August 8th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.87. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.23 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s FY2025 earnings at $4.20 EPS.

Several other equities analysts also recently weighed in on LPX. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a report on Thursday, August 8th. TD Securities increased their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Truist Financial restated a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. DA Davidson increased their price target on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, Loop Capital initiated coverage on Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $94.88.

Louisiana-Pacific Trading Up 1.1 %

Shares of NYSE:LPX opened at $95.08 on Monday. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 52-week low of $49.47 and a 52-week high of $101.89. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 13.92 and a beta of 1.89. The business has a 50-day moving average price of $89.44 and a 200-day moving average price of $81.94.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently bought and sold shares of the company. LifeSteps Financial Inc. acquired a new stake in shares of Louisiana-Pacific in the first quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of Louisiana-Pacific during the first quarter worth $25,000. Whittier Trust Co. acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $31,000. Bessemer Group Inc. lifted its stake in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares in the company, valued at $2,095,819.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

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.