Insider Selling: Louisiana-Pacific (NYSE:LPX) CEO Sells 14,166 Shares of Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 14,166 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $93.08, for a total value of $1,318,571.28. Following the sale, the chief executive officer directly owned 489,215 shares in the company, valued at $45,536,132.20. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

William Bradley Southern also recently made the following trade(s):

• On Wednesday, January 14th, William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock. The stock was sold at an average price of $91.66, for a total value of $5,073,014.36.
• On Tuesday, December 16th, William Bradley Southern sold 1,318 shares of Louisiana-Pacific stock. The shares were sold at an average price of $85.38, for a total value of $112,530.84.
• On Monday, December 15th, William Bradley Southern sold 42,514 shares of Louisiana-Pacific stock. The stock was sold at an average price of $86.25, for a total value of $3,666,832.50.

Louisiana-Pacific Price Performance

NYSE LPX traded down $0.44 during trading hours on Friday, reaching $93.27. The company’s stock had a trading volume of 211,465 shares, compared to its average volume of 1,228,262. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93. The company’s 50-day moving average is $82.40 and its two-hundred day moving average is $88.26. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $119.91. The stock has a market cap of $6.50 billion, a PE ratio of 30.18 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. Analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 36.25%.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP boosted its stake in Louisiana-Pacific by 7.9% during the 3rd quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock valued at $276,822,000 after purchasing an additional 228,521 shares in the last quarter. 59 North Capital Management LP lifted its position in shares of Louisiana-Pacific by 7.2% in the 2nd quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company’s stock valued at $241,492,000 after acquiring an additional 189,726 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in Louisiana-Pacific by 33,243.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after acquiring an additional 2,581,023 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Louisiana-Pacific by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock worth $137,666,000 after purchasing an additional 28,535 shares during the period. Finally, Boston Partners purchased a new position in shares of Louisiana-Pacific during the 3rd quarter valued at $100,770,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

LPX has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Truist Financial raised their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. TD Securities cut their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.57.

About Louisiana-Pacific

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.