Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung Sells 1,179 Shares of Stock

Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the transaction, the director now directly owns 18,838 shares in the company, valued at $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $88.14 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.24 and a beta of 1.89. The company’s fifty day moving average is $89.24 and its 200 day moving average is $99.83.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $711.66 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Louisiana-Pacific’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.27%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LPX. TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial decreased their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Finally, Loop Capital raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.38.

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in Louisiana-Pacific during the first quarter valued at $1,439,000. Bayforest Capital Ltd boosted its position in Louisiana-Pacific by 20.0% during the first quarter. Bayforest Capital Ltd now owns 2,591 shares of the building manufacturing company’s stock valued at $238,000 after acquiring an additional 431 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Louisiana-Pacific by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after acquiring an additional 29,846 shares during the last quarter. Empowered Funds LLC boosted its position in Louisiana-Pacific by 207.1% during the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after acquiring an additional 19,029 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Louisiana-Pacific during the first quarter valued at $377,000. Institutional investors 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.