Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at Seaport Global Securities lowered their Q2 2019 earnings estimates for shares of Louisiana-Pacific in a report released on Wednesday, May 8th. Seaport Global Securities analyst M. Weintraub now anticipates that the building manufacturing company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.44.
Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, May 7th. The building manufacturing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $582.00 million during the quarter, compared to the consensus estimate of $601.49 million. Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The business’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS.
LPX has been the topic of several other research reports. ValuEngine lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. TD Securities lowered their price objective on shares of Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 price objective on the stock in a research report on Tuesday, April 30th. Finally, Stephens raised shares of Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.13.
Shares of LPX stock opened at $24.31 on Monday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 3.33 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.88 and a current ratio of 3.55. Louisiana-Pacific has a 52 week low of $20.39 and a 52 week high of $32.16.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.54 annualized dividend and a dividend yield of 2.22%. Louisiana-Pacific’s payout ratio is 19.71%.
In other news, Director Gary Cook sold 4,000 shares of Louisiana-Pacific stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $24.76, for a total value of $99,040.00. Following the completion of the transaction, the director now owns 52,139 shares in the company, valued at $1,290,961.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Burney Co. increased its stake in shares of Louisiana-Pacific by 184.2% in the fourth quarter. Burney Co. now owns 45,165 shares of the building manufacturing company’s stock worth $1,004,000 after purchasing an additional 29,273 shares in the last quarter. Kiwi Wealth Investments Limited Partnership grew its stake in Louisiana-Pacific by 34.0% during the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 109,538 shares of the building manufacturing company’s stock valued at $2,434,000 after acquiring an additional 27,792 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in Louisiana-Pacific by 14.2% during the fourth quarter. First Allied Advisory Services Inc. now owns 26,027 shares of the building manufacturing company’s stock valued at $570,000 after acquiring an additional 3,234 shares in the last quarter. Hollencrest Capital Management purchased a new position in Louisiana-Pacific during the first quarter valued at approximately $213,000. Finally, Hsbc Holdings PLC grew its stake in Louisiana-Pacific by 1.2% during the fourth quarter. Hsbc Holdings PLC now owns 188,434 shares of the building manufacturing company’s stock valued at $4,187,000 after acquiring an additional 2,166 shares in the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.