Louisiana-Pacific (NYSE:LPX) posted its earnings results on Tuesday. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15, Bloomberg Earnings reports. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business had revenue of $710.60 million during the quarter, compared to analysts’ expectations of $654.26 million. During the same period in the prior year, the business earned $0.23 EPS. Louisiana-Pacific’s revenue for the quarter was up 29.2% compared to the same quarter last year.

Shares of Louisiana-Pacific (NYSE LPX) opened at $30.45 on Wednesday. Louisiana-Pacific has a twelve month low of $22.07 and a twelve month high of $31.07. The stock has a market capitalization of $4,120.20, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 2.74 and a beta of 1.62. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, February 23rd.

A number of analysts recently issued reports on the company. Stephens set a $32.00 target price on Louisiana-Pacific and gave the stock a “hold” rating in a research note on Tuesday. BMO Capital Markets set a $25.00 target price on Louisiana-Pacific and gave the stock a “sell” rating in a research note on Tuesday. DA Davidson increased their price objective on Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Vertical Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.83.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Louisiana-Pacific by 3.0% during the 4th quarter. BlackRock Inc. now owns 17,529,786 shares of the construction company’s stock valued at $460,331,000 after purchasing an additional 503,239 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Louisiana-Pacific by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,814,005 shares of the construction company’s stock valued at $130,370,000 after purchasing an additional 20,054 shares during the last quarter. State Street Corp lifted its holdings in Louisiana-Pacific by 4.5% during the 2nd quarter. State Street Corp now owns 4,649,675 shares of the construction company’s stock valued at $112,109,000 after purchasing an additional 202,141 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Louisiana-Pacific by 9.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,734,888 shares of the construction company’s stock valued at $98,078,000 after purchasing an additional 322,381 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Louisiana-Pacific by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,464,000 shares of the construction company’s stock valued at $90,965,000 after purchasing an additional 783,116 shares during the last quarter. 92.31% of the stock is owned by institutional investors and hedge funds.

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Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Earnings History for Louisiana-Pacific (NYSE:LPX)

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