William Bradley Southern Sells 21,252 Shares of Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 21,252 shares of Louisiana-Pacific stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $88.19, for a total transaction of $1,874,213.88. Following the completion of the transaction, the chief executive officer directly owned 460,883 shares of the company’s stock, valued at approximately $40,645,271.77. This represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, February 2nd, William Bradley Southern sold 7,080 shares of Louisiana-Pacific stock. The stock was sold at an average price of $85.16, for a total transaction of $602,932.80.
• 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 transaction of $1,318,571.28.
• On Wednesday, January 14th, William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock. The shares were 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 stock was 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 shares were sold at an average price of $86.25, for a total value of $3,666,832.50.

Louisiana-Pacific Stock Down 0.2%

Shares of Louisiana-Pacific stock opened at $93.97 on Friday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 30.41 and a beta of 1.81. Louisiana-Pacific Corporation has a twelve month low of $73.42 and a twelve month high of $119.91. 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 business’s 50 day simple moving average is $86.25 and its 200-day simple moving average is $88.25.

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

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently modified their holdings of LPX. Chung Wu Investment Group LLC bought a new position in Louisiana-Pacific during the second quarter valued at about $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $34,000. RMG Wealth Management LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $44,000. Finally, Versant Capital Management Inc raised its holdings in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Royal Bank Of Canada lowered their target price on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Truist Financial lifted their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Vertical Research started coverage on Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating for the company. Finally, Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.