Louisiana-Pacific (NYSE:LPX) CEO William Bradley Southern Sells 55,346 Shares

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the transaction, the chief executive officer directly owned 503,381 shares of the company’s stock, valued at approximately $46,139,902.46. This represents a 9.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 15th, William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock. The stock was sold at an average price of $93.08, for a total transaction of $1,318,571.28.
• On Tuesday, December 16th, William Bradley Southern sold 1,318 shares of Louisiana-Pacific stock. The stock was 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

Louisiana-Pacific stock traded down $0.44 during trading hours on Friday, hitting $93.27. 211,465 shares of the company traded hands, compared to its average volume of 1,228,262. The firm has a market cap of $6.50 billion, a P/E ratio of 30.24 and a beta of 1.80. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $82.40 and its two-hundred day simple moving average is $88.26. Louisiana-Pacific Corporation has a 1-year low of $73.42 and a 1-year high of $119.91.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 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 the consensus estimate of $670.26 million. Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. As a group, analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were issued 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 1.2%. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Barclays increased their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Truist Financial lifted their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $106.57.

Institutional Trading of Louisiana-Pacific

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in Louisiana-Pacific by 5.7% in the second quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after purchasing an additional 29,803 shares during the period. Ceredex Value Advisors LLC lifted its stake in shares of Louisiana-Pacific by 57.2% in the second quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock worth $10,671,000 after buying an additional 45,175 shares in the last quarter. Strs Ohio purchased a new position in Louisiana-Pacific in the 1st quarter worth approximately $1,439,000. Entropy Technologies LP acquired a new position in Louisiana-Pacific during the second quarter worth $424,000. Finally, Elo Mutual Pension Insurance Co acquired a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $977,000. Institutional investors own 94.73% of the company’s stock.

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.