William Bradley Southern Sells 14,166 Shares of Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $93.08, for a total transaction of $1,318,571.28. Following the sale, the chief executive officer owned 489,215 shares in the company, valued at $45,536,132.20. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 value of $5,073,014.36.
• 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 shares were sold at an average price of $86.25, for a total value of $3,666,832.50.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $93.23 on Friday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 30.17 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72. The business has a 50 day simple moving average of $82.70 and a 200-day simple moving average of $88.29. 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 quarterly earnings results 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). The company had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 EPS. Equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Louisiana-Pacific by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Louisiana-Pacific by 4.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock valued at $279,000 after buying an additional 136 shares during the period. Moran Wealth Management LLC increased its stake in shares of Louisiana-Pacific by 2.4% during the second quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock valued at $568,000 after buying an additional 156 shares during the period. Elo Mutual Pension Insurance Co raised its holdings in shares of Louisiana-Pacific by 1.5% in the third quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock valued at $1,024,000 after acquiring an additional 166 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after acquiring an additional 183 shares during the period. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a report on Thursday, November 20th. Royal Bank Of Canada cut their target price on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. TD Securities dropped their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Finally, Vertical Research initiated coverage on Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus 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.