Insider Selling: Louisiana-Pacific (NYSE:LPX) Director Sells $102,167.00 in Stock

Louisiana-Pacific Corporation (NYSE:LPX) Director Lizanne Bruce sold 1,300 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares of the company’s stock, valued at $1,348,604.40. The trade was a 7.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $75.78 on Friday. The company has a market cap of $5.29 billion, a P/E ratio of 36.26 and a beta of 1.78. Louisiana-Pacific Corporation has a one year low of $73.42 and a one year high of $102.86. The business has a fifty day moving average of $87.33 and a two-hundred day moving average of $86.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. As a group, analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.30 per share. The ex-dividend date was Friday, February 27th. 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%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 53.59%.

Wall Street Analyst Weigh In

LPX has been the subject of a number of research reports. Barclays lifted their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Oppenheimer reaffirmed an “outperform” rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. Truist Financial lifted their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. DA Davidson decreased their target price on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, 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. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $105.83.

Institutional Trading of Louisiana-Pacific

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc increased its stake in shares of Louisiana-Pacific by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after purchasing an additional 127 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Louisiana-Pacific by 4.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock valued at $279,000 after buying an additional 136 shares in the last quarter. Elo Mutual Pension Insurance Co grew its holdings in Louisiana-Pacific by 1.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock valued at $1,024,000 after buying an additional 166 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Louisiana-Pacific by 2.7% during the 3rd quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock valued at $611,000 after buying an additional 183 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Louisiana-Pacific by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the building manufacturing company’s stock worth $1,564,000 after buying an additional 200 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.