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 stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total value of $1,264,882.14. Following the completion of the sale, the chief executive officer owned 461,719 shares of the company’s stock, valued at approximately $41,226,889.51. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 3rd, William Bradley Southern sold 21,252 shares of Louisiana-Pacific stock. The shares were sold at an average price of $88.19, for a total value of $1,874,213.88.
• 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 value 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 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 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 transaction of $3,666,832.50.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $85.20 on Friday. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $103.81. The stock has a market capitalization of $5.95 billion, a P/E ratio of 40.77 and a beta of 1.81. The company’s 50-day moving average is $88.11 and its 200 day moving average is $88.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.72.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $589.96 million. During the same period in the previous year, the firm posted $1.03 EPS. The business’s revenue was down 16.7% on a year-over-year basis. On average, sell-side analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.30 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 27th. Louisiana-Pacific’s dividend payout ratio is presently 36.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LPX. TD Securities dropped their target price on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, January 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $106.33.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors have recently made changes to their positions in the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the second quarter valued at $26,000. Los Angeles Capital Management LLC purchased a new position in shares of Louisiana-Pacific during the 4th quarter valued at $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Louisiana-Pacific in the second quarter valued at about $34,000. Versant Capital Management Inc boosted its stake in 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 during the period. Finally, Larson Financial Group LLC boosted its position in shares of Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after acquiring an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.