Insider Buying: Louisiana-Pacific (NYSE:LPX) Director Purchases $249,792.00 in Stock

Louisiana-Pacific Corporation (NYSE:LPX) Director Stephen Macadam acquired 3,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the acquisition, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Louisiana-Pacific Trading Down 0.6%

Louisiana-Pacific stock opened at $75.39 on Friday. Louisiana-Pacific Corporation has a 52-week low of $74.01 and a 52-week high of $122.87. 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 firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 17.78 and a beta of 1.80. The firm has a 50-day moving average price of $88.23 and a two-hundred day moving average price of $90.40.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. Louisiana-Pacific’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. Sell-side analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.5%. Louisiana-Pacific’s payout ratio is presently 36.25%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several recent analyst reports. Vertical Research started coverage on Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $106.33.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Chung Wu Investment Group LLC acquired a new position in Louisiana-Pacific in the 2nd quarter worth approximately $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Louisiana-Pacific in the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Louisiana-Pacific during the second quarter valued at $34,000. RMG Wealth Management LLC acquired a new position in Louisiana-Pacific during the second quarter valued at $44,000. Finally, Versant Capital Management Inc raised its position in Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares during the period. 94.73% of the stock is 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.