Key Points
- Director F. Nicholas Grasberger III purchased 20,000 shares on Feb. 19 at an average $85.49 per share (~$1.71M), boosting his stake 105.5% to 38,954 shares (worth about $3.33M), as disclosed in an SEC filing.
- Louisiana‑Pacific beat quarterly EPS estimates (reported $0.03 vs. consensus -$0.06) despite a 16.7% year‑over‑year revenue decline, and raised its quarterly dividend to $0.30 ($1.20 annualized; 1.5% yield) with an ex‑dividend date of Feb. 27.
- Analyst sentiment is positive with a consensus rating of “Moderate Buy” and a $105.83 average target, while several brokers (Barclays, Oppenheimer, Truist) have recently raised ratings or targets.
Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) Director F Nicholas Grasberger III bought 20,000 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares of the company's stock, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Louisiana-Pacific Trading Up 0.1%
NYSE LPX opened at $81.40 on Tuesday. The stock has a market cap of $5.68 billion, a PE ratio of 38.95 and a beta of 1.81. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $103.25. The company's 50-day moving average price is $87.91 and its 200-day moving average price is $88.29. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20.
Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $567.00 million during the quarter, compared to analysts' expectations of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The firm's quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Equities research analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.
Louisiana-Pacific Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 27th. Louisiana-Pacific's payout ratio is currently 53.59%.
Institutional Investors Weigh In On Louisiana-Pacific
Hedge funds and other institutional investors have recently bought and sold shares of the company. North Ridge Wealth Advisors Inc. acquired a new stake in Louisiana-Pacific in the second quarter valued at approximately $26,000. Los Angeles Capital Management LLC purchased a new stake in shares of Louisiana-Pacific during the 4th quarter valued at $29,000. Versant Capital Management Inc boosted its position in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company's stock worth $44,000 after purchasing an additional 127 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Louisiana-Pacific by 291.2% in the 3rd quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company's stock worth $48,000 after purchasing an additional 399 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Louisiana-Pacific during the 4th quarter worth $52,000. Hedge funds and other institutional investors own 94.73% of the company's stock.
Analysts Set New Price Targets
Several brokerages have weighed in on LPX. Barclays upped their target price on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, January 15th. Oppenheimer began coverage on shares of Louisiana-Pacific in a research note on Thursday, February 5th. They issued an "outperform" rating for the company. DA Davidson dropped their target price on shares of Louisiana-Pacific from $117.00 to $114.00 and set a "buy" rating on the stock in a report on Monday. Zacks Research upgraded shares of Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. Finally, Truist Financial increased their price objective on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.83.
Get Our Latest Analysis on LPX
About Louisiana-Pacific
(
Get Free Report)
Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
Further Reading
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