Louisiana-Pacific (NYSE:LPX) CEO William Bradley Southern Sells 42,514 Shares

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 42,514 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $86.25, for a total transaction of $3,666,832.50. Following the transaction, the chief executive officer owned 559,908 shares of the company’s stock, valued at $48,292,065. This trade represents a 7.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $84.46 on Thursday. The stock’s 50-day simple moving average is $84.19 and its 200-day simple moving average is $88.89. 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 firm has a market capitalization of $5.88 billion, a PE ratio of 27.33 and a beta of 1.81. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $119.91.

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

Louisiana-Pacific Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Barclays began coverage on shares of Louisiana-Pacific in a research note on Monday, December 8th. They set an “overweight” rating and a $100.00 price target on the stock. 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. Finally, TD Securities cut their target price 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. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPX. American Century Companies Inc. lifted its stake in Louisiana-Pacific by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after buying an additional 29,803 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings 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 acquiring an additional 45,175 shares during the last quarter. Strs Ohio purchased a new stake in shares of Louisiana-Pacific in the first quarter valued at $1,439,000. Trexquant Investment LP acquired a new stake in shares of Louisiana-Pacific during the first quarter valued at $6,458,000. Finally, Elo Mutual Pension Insurance Co acquired a new stake in shares of Louisiana-Pacific during the second quarter valued at $977,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.