Insider Selling: Louisiana-Pacific (NYSE:LPX) Director Sells 1,300 Shares of Stock

Louisiana-Pacific Corporation (NYSE:LPX) Director Lizanne Bruce sold 1,300 shares of Louisiana-Pacific stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. The trade was a 7.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $1.78 during trading hours on Wednesday, hitting $77.06. 692,970 shares of the company’s stock were exchanged, compared to its average volume of 1,205,887. The stock’s 50-day moving average is $87.63 and its 200-day moving average is $87.15. 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 has a market cap of $5.38 billion, a price-to-earnings ratio of 36.87 and a beta of 1.78. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results 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 business had revenue of $567.00 million during the quarter, compared to analysts’ expectations of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, research analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 53.59%.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth $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 worth $44,000 after purchasing an additional 127 shares during the period. Larson Financial Group LLC increased its holdings in Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after purchasing an additional 399 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Louisiana-Pacific in the fourth quarter valued at about $52,000. 94.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $104.00 price target on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Truist Financial upped 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. Oppenheimer reiterated an “outperform” rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Finally, Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.83.

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.