Louisiana-Pacific Corporation (NYSE:LPX) Short Interest Update

Louisiana-Pacific Corporation (NYSE:LPX) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,737,513 shares, an increase of 14.5% from the February 12th total of 4,137,082 shares. Approximately 6.9% of the shares of the company are sold short. Based on an average daily volume of 1,453,001 shares, the short-interest ratio is presently 3.3 days. Based on an average daily volume of 1,453,001 shares, the short-interest ratio is presently 3.3 days. Approximately 6.9% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $104.00 target price on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Barclays raised their price objective on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, DA Davidson cut their target price on shares of Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.83.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the sale, the director directly owned 17,160 shares in the company, valued at approximately $1,348,604.40. The trade was a 7.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were purchased at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the acquisition, the director directly owned 38,954 shares in the company, valued at approximately $3,330,177.46. This trade represents a 105.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 113,310 shares of company stock worth $10,235,781. 1.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds have recently modified their holdings of LPX. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC purchased a new stake in Louisiana-Pacific in the 4th quarter worth $29,000. Versant Capital Management Inc increased its stake in Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Larson Financial Group LLC raised its holdings in Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after acquiring an additional 399 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Louisiana-Pacific during the fourth quarter valued at about $52,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $75.13 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. The stock has a 50-day simple moving average of $86.92 and a two-hundred day simple moving average of $86.35. The firm has a market capitalization of $5.25 billion, a PE ratio of 35.95 and a beta of 1.78. Louisiana-Pacific has a 52-week low of $73.42 and a 52-week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data 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. The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.30 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 27th. Louisiana-Pacific’s payout ratio is presently 53.59%.

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.