William Bradley Southern Sells 21,252 Shares of Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 21,252 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $88.19, for a total value of $1,874,213.88. Following the completion of the sale, the chief executive officer owned 460,883 shares in the company, valued at $40,645,271.77. The trade was a 4.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

William Bradley Southern also recently made the following trade(s):

• On Monday, February 2nd, William Bradley Southern sold 7,080 shares of Louisiana-Pacific stock. The stock was sold at an average price of $85.16, for a total transaction of $602,932.80.
• On Thursday, January 15th, William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock. The stock was sold at an average price of $93.08, for a total transaction of $1,318,571.28.
• On Wednesday, January 14th, William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock. The stock was sold at an average price of $91.66, for a total transaction of $5,073,014.36.
• On Tuesday, December 16th, William Bradley Southern sold 1,318 shares of Louisiana-Pacific stock. The shares were sold at an average price of $85.38, for a total transaction of $112,530.84.
• 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 Stock Up 6.9%

Shares of NYSE:LPX traded up $6.12 during midday trading on Wednesday, reaching $95.29. The company had a trading volume of 505,919 shares, compared to its average volume of 1,036,070. The business’s 50 day moving average price is $85.75 and its 200 day moving average price is $88.17. Louisiana-Pacific Corporation has a 1-year low of $73.42 and a 1-year high of $119.91. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.64 billion, a PE ratio of 30.91 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data 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). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same period in the previous year, the company posted $1.22 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Research analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of Louisiana-Pacific by 128.6% during the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock worth $16,259,000 after acquiring an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Louisiana-Pacific during the first quarter worth $273,000. Goldman Sachs Group Inc. boosted its holdings in shares of Louisiana-Pacific by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after purchasing an additional 18,413 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Louisiana-Pacific by 207.1% in the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after purchasing an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Louisiana-Pacific by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock worth $20,747,000 after buying an additional 29,846 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LPX shares. Truist Financial boosted their price target on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. TD Securities dropped their price target 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. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Royal Bank Of Canada cut 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. Finally, DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average price target of $106.57.

About Louisiana-Pacific

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.