Louisiana-Pacific (NYSE:LPX) Director Purchases $1,709,800.00 in Stock

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

Louisiana-Pacific Trading Up 0.1%

NYSE LPX traded up $0.12 on Monday, reaching $81.40. 1,233,852 shares of the company were exchanged, compared to its average volume of 1,238,279. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $88.00 and its 200 day moving average price is $88.36. The stock has a market capitalization of $5.68 billion, a P/E ratio of 38.95 and a beta of 1.81. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $103.25.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, topping 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 analyst estimates of $589.96 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. Analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 53.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LPX. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Truist Financial raised their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Oppenheimer assumed coverage on Louisiana-Pacific in a research report on Thursday, February 5th. They issued an “outperform” rating on the stock. Barclays upped their price target on Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.83.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $248,000. Corient Private Wealth LLC increased its stake in Louisiana-Pacific by 35.4% during the 4th quarter. Corient Private Wealth LLC now owns 7,459 shares of the building manufacturing company’s stock worth $602,000 after buying an additional 1,952 shares during the period. Alpine Woods Capital Investors LLC acquired a new stake in Louisiana-Pacific during the 4th quarter worth approximately $665,000. Empowered Funds LLC purchased a new position in Louisiana-Pacific in the 4th quarter valued at approximately $810,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Louisiana-Pacific in the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.