William Bradley Southern Sells 55,346 Shares of Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 55,346 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total value of $5,073,014.36. Following the sale, the chief executive officer directly owned 503,381 shares in the company, valued at $46,139,902.46. This trade represents a 9.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, January 15th, William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock. The shares were sold at an average price of $93.08, for a total value of $1,318,571.28.
• 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 transaction 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 Trading Down 0.5%

Shares of Louisiana-Pacific stock opened at $93.23 on Friday. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $82.70 and a 200-day simple moving average of $88.29. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 30.17 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.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS 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 for the quarter, compared to analyst estimates of $670.26 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. Louisiana-Pacific’s revenue was down 8.2% compared to the same quarter last year. On average, equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC raised its position in Louisiana-Pacific by 33,243.5% in the second 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 in the last quarter. Eminence Capital LP lifted its stake in shares of Louisiana-Pacific by 72.3% in the second 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 acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at about $100,770,000. Norges Bank purchased a new stake in Louisiana-Pacific during the second quarter worth about $72,299,000. Finally, Victory Capital Management Inc. grew its position in Louisiana-Pacific by 674.8% during 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 during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on LPX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating on the stock. Truist Financial upped their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada decreased their price target on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, DA Davidson restated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.57.

About Louisiana-Pacific

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.