Louisiana-Pacific (NYSE:LPX) CEO William Bradley Southern Sells 14,166 Shares

Louisiana-Pacific Corporation (NYSE:LPX) CEO William Bradley Southern sold 14,166 shares of Louisiana-Pacific stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $93.08, for a total value of $1,318,571.28. Following the completion of the transaction, the chief executive officer directly owned 489,215 shares of the company’s stock, valued at $45,536,132.20. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 14th, William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock. The shares were 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 stock was 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 Performance

Shares of Louisiana-Pacific stock opened at $93.23 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72. The firm has a 50 day simple moving average of $82.70 and a 200 day simple moving average of $88.31. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $119.91. The firm has a market cap of $6.49 billion, a P/E ratio of 30.17 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 earnings per share. Sell-side analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 36.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Pacific Capital Partners Ltd acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $1,010,000. Sendero Wealth Management LLC raised its holdings in Louisiana-Pacific by 28.9% during the 4th quarter. Sendero Wealth Management LLC now owns 6,780 shares of the building manufacturing company’s stock worth $548,000 after buying an additional 1,520 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Louisiana-Pacific by 3.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,474 shares of the building manufacturing company’s stock worth $806,000 after buying an additional 349 shares during the period. Tudor Investment Corp ET AL bought a new position in Louisiana-Pacific in the third quarter valued at approximately $14,285,000. Finally, Hudson Bay Capital Management LP boosted its holdings in shares of Louisiana-Pacific by 170.4% in the third quarter. Hudson Bay Capital Management LP now owns 58,541 shares of the building manufacturing company’s stock valued at $5,201,000 after buying an additional 36,891 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. TD Securities cut 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. Royal Bank Of Canada reduced their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. DA Davidson reiterated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, November 20th. Finally, Vertical Research started coverage on Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.