Louisiana-Pacific (NYSE:LPX) CEO Sells $112,530.84 in Stock

by · The Cerbat Gem

Louisiana-Pacific Corporation (NYSE:LPX – Get Free Report) CEO William Bradley Southern sold 1,318 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $85.38, for a total transaction of $112,530.84. Following the completion of the sale, the chief executive officer owned 558,590 shares in the company, valued at approximately $47,692,414.20. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $86.25, for a total transaction of $3,666,832.50.

Louisiana-Pacific Trading Down 5.2%

LPX opened at $80.81 on Friday. The stock has a 50-day moving average of $83.93 and a 200 day moving average of $88.80. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $119.91. The firm has a market cap of $5.63 billion, a P/E ratio of 26.15 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. Louisiana-Pacific’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share. As a group, research analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

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. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. Louisiana-Pacific’s payout ratio is 36.25%.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of LPX. Chung Wu Investment Group LLC purchased a new stake in shares of Louisiana-Pacific in the 2nd quarter worth $26,000. North Ridge Wealth Advisors Inc. purchased a new stake in Louisiana-Pacific in the second quarter worth about $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Louisiana-Pacific during the 2nd quarter worth about $34,000. RMG Wealth Management LLC purchased a new position in Louisiana-Pacific during the 2nd quarter valued at about $44,000. Finally, Versant Capital Management Inc raised its holdings in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Vertical Research initiated coverage on shares of Louisiana-Pacific in a report on Monday, October 20th. They set a “buy” rating on the stock. Barclays began coverage on Louisiana-Pacific in a research note on Monday, December 8th. They set an “overweight” rating and a $100.00 target price on the stock. Zacks Research lowered Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Finally, TD Securities reduced their target price on 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 research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.43.

Get Our Latest Stock Report on Louisiana-Pacific

Louisiana-Pacific Company Profile

(Get Free Report)

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.

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