Lizanne C. Gottung Sells 2,500 Shares of Louisiana-Pacific Co. (NYSE:LPX) Stock

Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Louisiana-Pacific Stock Up 2.6 %

Shares of NYSE:LPX opened at $104.14 on Friday. The company has a market capitalization of $7.47 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The business has a fifty day moving average price of $94.69 and a two-hundred day moving average price of $86.76. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $105.35.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Analysts forecast that Louisiana-Pacific Co. will post 5.05 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. Louisiana-Pacific’s payout ratio is 28.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. LifeSteps Financial Inc. bought a new position in Louisiana-Pacific in the 1st quarter worth about $25,000. Fidelis Capital Partners LLC purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at about $25,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at about $31,000. Bessemer Group Inc. raised its holdings in shares of Louisiana-Pacific by 258.5% during the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the topic of several research reports. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Truist Financial reissued a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. The Goldman Sachs Group upped their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research report on Thursday, August 8th. Finally, DA Davidson upped their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average price target of $92.67.

Louisiana-Pacific Company Profile

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.