Insider Selling: Louisiana-Pacific (NYSE:LPX) CEO Sells 7,080 Shares of Stock

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 7,080 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $85.16, for a total transaction of $602,932.80. Following the transaction, the chief executive officer directly owned 482,135 shares in the company, valued at $41,058,616.60. The trade was a 1.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, February 3rd, William Bradley Southern sold 21,252 shares of Louisiana-Pacific stock. The stock was sold at an average price of $88.19, for a total transaction of $1,874,213.88.
• 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 value 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 value 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 shares were sold at an average price of $86.25, for a total transaction of $3,666,832.50.

Louisiana-Pacific Stock Up 6.9%

NYSE:LPX traded up $6.12 during mid-day trading on Wednesday, hitting $95.29. The company had a trading volume of 505,919 shares, compared to its average volume of 1,036,070. Louisiana-Pacific Corporation has a 1 year low of $73.42 and a 1 year high of $119.91. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 30.91 and a beta of 1.81. The business has a fifty day simple moving average of $85.75 and a 200-day simple moving average of $88.17.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data 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 firm 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%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new position in Louisiana-Pacific in the second quarter worth approximately $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific during the 2nd quarter valued at $26,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Louisiana-Pacific in the second quarter valued at $34,000. Versant Capital Management Inc boosted its position 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 buying an additional 127 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of Louisiana-Pacific during the second quarter valued at about $44,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the topic of several research reports. TD Securities lowered 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. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, January 28th. Truist Financial lifted their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Barclays upped their price objective on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.57.

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.