Louisiana-Pacific Co. (NYSE:LPX – Get Rating) Director Lizanne C. Gottung sold 7,635 shares of the company’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $75.02, for a total value of $572,777.70. Following the transaction, the director now directly owns 31,522 shares in the company, valued at $2,364,780.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE LPX traded down $0.05 during mid-day trading on Monday, hitting $74.04. The stock had a trading volume of 112,448 shares, compared to its average volume of 1,185,871. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.62 and a current ratio of 2.92. The company has a 50 day moving average of $65.93 and a two-hundred day moving average of $68.58. Louisiana-Pacific Co. has a twelve month low of $50.12 and a twelve month high of $79.77. The firm has a market cap of $6.08 billion, a PE ratio of 4.43 and a beta of 1.54.
Louisiana-Pacific (NYSE:LPX – Get Rating) last released its earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.45. Louisiana-Pacific had a return on equity of 105.01% and a net margin of 31.62%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $3.01 EPS. The firm’s revenue was up 31.5% on a year-over-year basis. Equities research analysts predict that Louisiana-Pacific Co. will post 14.87 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new stake in Louisiana-Pacific in the fourth quarter valued at $27,000. Rather & Kittrell Inc. purchased a new stake in Louisiana-Pacific in the fourth quarter valued at $43,000. Cordasco Financial Network purchased a new stake in Louisiana-Pacific in the third quarter valued at $36,000. TCI Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific in the first quarter valued at $39,000. Finally, Ahrens Investment Partners LLC purchased a new stake in Louisiana-Pacific in the first quarter valued at $40,000. 94.99% of the stock is currently owned by institutional investors.
LPX has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Louisiana-Pacific from a “sell” rating to a “neutral” rating and upped their price target for the stock from $59.00 to $84.00 in a research report on Friday, January 21st. TD Securities upped their price target on Louisiana-Pacific from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, May 4th. StockNews.com initiated coverage on Louisiana-Pacific in a research report on Thursday, March 31st. They set a “hold” rating on the stock. DA Davidson reaffirmed a “buy” rating on shares of Louisiana-Pacific in a research report on Wednesday, February 23rd. Finally, Zacks Investment Research downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday, April 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of “Buy” and a consensus price target of $80.25.
About Louisiana-Pacific (Get Rating)
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
- Get a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)
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