Lizanne C. Gottung Sells 2,500 Shares of Louisiana-Pacific Co. (NYSE:LPX) Stock

Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $0.76 during midday trading on Wednesday, reaching $101.54. 658,351 shares of the stock were exchanged, compared to its average volume of 868,490. Louisiana-Pacific Co. has a 52 week low of $49.47 and a 52 week high of $103.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The firm has a market cap of $7.28 billion, a PE ratio of 27.69, a PEG ratio of 0.60 and a beta of 1.88. The company’s fifty day moving average is $93.88 and its 200-day moving average is $86.53.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.02%. Louisiana-Pacific’s payout ratio is presently 28.57%.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently made changes to their positions in LPX. William Blair Investment Management LLC bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $91,053,000. Norges Bank bought a new position in Louisiana-Pacific during the fourth quarter valued at approximately $53,186,000. Balyasny Asset Management L.P. grew its holdings in shares of Louisiana-Pacific by 16,827.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock valued at $50,789,000 after purchasing an additional 712,823 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Louisiana-Pacific by 83.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after purchasing an additional 712,671 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after purchasing an additional 602,803 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Truist Financial reissued a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.67.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.