Louisiana-Pacific (NYSE:LPX) Director F Nicholas Grasberger III Buys 20,000 Shares

Louisiana-Pacific Corporation (NYSE:LPX) Director F Nicholas Grasberger III purchased 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the acquisition, the director owned 38,954 shares in the company, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Louisiana-Pacific Stock Performance

LPX stock opened at $81.40 on Tuesday. The company has a market cap of $5.68 billion, a P/E ratio of 38.95 and a beta of 1.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.53. The stock’s fifty day moving average price is $87.91 and its 200-day moving average price is $88.29. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $103.25.

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

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.30 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. Louisiana-Pacific’s payout ratio is 53.59%.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors have recently made changes to their positions in the company. North Ridge Wealth Advisors Inc. bought a new position in Louisiana-Pacific during the 2nd quarter valued at about $26,000. Los Angeles Capital Management LLC purchased a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $29,000. Versant Capital Management Inc grew its stake in shares of Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after buying an additional 399 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $52,000. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer initiated coverage on shares of Louisiana-Pacific in a report on Thursday, February 5th. They set an “outperform” rating for the company. Truist Financial increased their price target on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Finally, TD Securities lowered their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average price target of $105.83.

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.