Louisiana-Pacific (NYSE:LPX) CEO Sells $1,318,571.28 in 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 completion of the sale, the chief executive officer owned 489,215 shares of the company’s stock, valued at approximately $45,536,132.20. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 transaction 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 transaction 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 stock were exchanged, compared to its average volume of 1,228,262. The stock has a market capitalization of $6.50 billion, a P/E ratio of 30.18 and a beta of 1.80. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $119.91. The business’s 50-day moving average is $82.40 and its two-hundred day moving average is $88.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93.

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

Louisiana-Pacific Announces Dividend

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

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. Valeo Financial Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 33,243.5% in 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 last quarter. Eminence Capital LP increased its holdings in Louisiana-Pacific by 72.3% during the 2nd quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after purchasing an additional 1,211,495 shares during the period. Boston Partners purchased a new position in shares of Louisiana-Pacific during the third quarter valued at approximately $100,770,000. Norges Bank bought a new position in Louisiana-Pacific in the 2nd quarter worth $72,299,000. Finally, Victory Capital Management Inc. raised its stake in Louisiana-Pacific by 674.8% in the third quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock worth $62,068,000 after buying an additional 608,480 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LPX. Royal Bank Of Canada reduced 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. TD Securities dropped their price target 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. Vertical Research began coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Finally, Barclays lifted their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday. 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 company’s stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $106.57.

Louisiana-Pacific Company Profile

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.