William Bradley Southern Sells 1,318 Shares of Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 1,318 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $85.38, for a total transaction of $112,530.84. Following the sale, the chief executive officer owned 558,590 shares of the company’s stock, valued at approximately $47,692,414.20. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $86.25, for a total transaction of $3,666,832.50.

Louisiana-Pacific Trading Up 0.9%

Shares of Louisiana-Pacific stock opened at $85.17 on Friday. The stock has a market cap of $5.93 billion, a PE ratio of 27.56 and a beta of 1.81. The firm has a fifty day moving average price of $84.09 and a 200 day moving average price of $88.86. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $119.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72.

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

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 36.25%.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of analyst reports. Vertical Research started coverage on Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating for the company. Royal Bank Of Canada decreased their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Finally, Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.43.

Hedge Funds Weigh In On Louisiana-Pacific

A number of large investors have recently added to or reduced their stakes in LPX. Chung Wu Investment Group LLC acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at about $26,000. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific in the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Louisiana-Pacific in the 2nd quarter worth about $34,000. RMG Wealth Management LLC purchased a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $44,000. Finally, Versant Capital Management Inc raised its holdings 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 valued at $44,000 after acquiring an additional 127 shares during 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.