Louisiana-Pacific (NYSE:LPX) CEO William Bradley Southern Sells 1,318 Shares

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 1,318 shares of Louisiana-Pacific stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $85.38, for a total value of $112,530.84. Following the completion of the transaction, the chief executive officer directly owned 558,590 shares of the company’s stock, valued at $47,692,414.20. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $3,666,832.50.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $0.03 during mid-day trading on Wednesday, reaching $84.41. The company had a trading volume of 209,340 shares, compared to its average volume of 789,379. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 27.33 and a beta of 1.81. The business’s 50-day simple moving average is $84.30 and its 200 day simple moving average is $88.92. Louisiana-Pacific Corporation has a one year low of $73.42 and a one year high of $119.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93.

Louisiana-Pacific (NYSE:LPX) last announced 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). The firm had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. On average, research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, November 14th. Louisiana-Pacific’s payout ratio is currently 36.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Vertical Research initiated coverage on Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating on the stock. DA Davidson restated a “buy” rating and set a $117.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Barclays started coverage on Louisiana-Pacific in a research report on Monday, December 8th. They issued an “overweight” rating and a $100.00 target price on the stock. Royal Bank Of Canada lowered their target price on 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, TD Securities reduced their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average target price of $105.43.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Deutsche Bank AG boosted its holdings in Louisiana-Pacific by 23.1% in the first quarter. Deutsche Bank AG now owns 8,250 shares of the building manufacturing company’s stock valued at $759,000 after acquiring an additional 1,546 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Louisiana-Pacific by 1.4% in the 1st quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company’s stock valued at $48,353,000 after purchasing an additional 7,381 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Louisiana-Pacific by 53.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 89,925 shares of the building manufacturing company’s stock worth $8,271,000 after buying an additional 31,427 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Louisiana-Pacific by 6.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 684,998 shares of the building manufacturing company’s stock worth $63,007,000 after buying an additional 38,801 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in Louisiana-Pacific by 13.2% in the first quarter. Channing Capital Management LLC now owns 615,817 shares of the building manufacturing company’s stock valued at $56,643,000 after buying an additional 71,790 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.