Louisiana-Pacific (NYSE:LPX) CEO William Bradley Southern Sells 1,318 Shares of Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 1,318 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $85.38, for a total transaction of $112,530.84. Following the completion of the sale, the chief executive officer directly owned 558,590 shares in the company, valued at approximately $47,692,414.20. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, December 15th, William Bradley Southern sold 42,514 shares of Louisiana-Pacific stock. The shares were sold at an average price of $86.25, for a total transaction of $3,666,832.50.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded up $1.62 during midday trading on Thursday, reaching $86.06. 44,154 shares of the company’s stock were exchanged, compared to its average volume of 787,207. 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 stock’s 50-day simple moving average is $84.19 and its 200 day simple moving average is $88.89. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 27.75 and a beta of 1.81. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $119.91.

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

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were paid a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. Louisiana-Pacific’s dividend payout ratio is 36.25%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LPX. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. TD Securities reduced their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of “Moderate Buy” and an average price target of $105.43.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in shares of Louisiana-Pacific by 23.1% in the 1st quarter. Deutsche Bank AG now owns 8,250 shares of the building manufacturing company’s stock valued at $759,000 after purchasing an additional 1,546 shares in the last quarter. American Century Companies Inc. lifted its stake in Louisiana-Pacific by 1.4% in the 1st quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company’s stock valued at $48,353,000 after purchasing an additional 7,381 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Louisiana-Pacific by 53.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 89,925 shares of the building manufacturing company’s stock valued at $8,271,000 after buying an additional 31,427 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Louisiana-Pacific by 6.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 684,998 shares of the building manufacturing company’s stock valued at $63,007,000 after buying an additional 38,801 shares in the last quarter. Finally, Channing Capital Management LLC grew its stake in shares of Louisiana-Pacific by 13.2% during the first quarter. Channing Capital Management LLC now owns 615,817 shares of the building manufacturing company’s stock worth $56,643,000 after buying an additional 71,790 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Louisiana-Pacific

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.