Louisiana-Pacific Corporation (NYSE:LPX) Director Sells $50,500.00 in Stock

Louisiana-Pacific Corporation (NYSE:LPX) Director Ozey K. Horton, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the sale, the director owned 29,728 shares of the company’s stock, valued at $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Louisiana-Pacific Stock Down 0.9%

NYSE:LPX opened at $99.49 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $90.46 and its two-hundred day moving average is $93.36. Louisiana-Pacific Corporation has a 52 week low of $78.82 and a 52 week high of $122.87. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $751.15 million. During the same period in the prior year, the firm earned $2.09 earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. Research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 26.42%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LPX. DA Davidson decreased their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Truist Financial decreased their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Loop Capital upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Royal Bank Of Canada upped their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.13.

Institutional Trading of Louisiana-Pacific

Several hedge funds have recently modified their holdings of LPX. Valeo Financial Advisors LLC raised its stake in shares of Louisiana-Pacific by 33,243.5% in the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after acquiring an additional 2,581,023 shares in the last quarter. Eminence Capital LP raised its stake in shares of Louisiana-Pacific by 72.3% in the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after acquiring an additional 1,211,495 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock valued at $92,299,000 after acquiring an additional 842,809 shares in the last quarter. Norges Bank acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at $72,299,000. Finally, 59 North Capital Management LP raised its stake in shares of Louisiana-Pacific by 32.1% in the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock valued at $240,863,000 after acquiring an additional 635,817 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Louisiana-Pacific

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.