Key Points
- CEO William Bradley Southern sold 42,514 shares of LPX on Dec. 15 at an average price of $86.25 for about $3.67 million, cutting his stake by 7.06% to 559,908 shares; he also sold 1,318 shares on Dec. 16 at $85.38.
- Louisiana-Pacific missed quarterly EPS by $0.01 (reported $0.36 vs. $0.37) with revenue down 8.2% year‑over‑year to $663 million, and it pays a $0.28 quarterly dividend (about a 1.3% yield).
- Analyst sentiment is mixed but generally positive with an average rating of "Moderate Buy" and a consensus price target of $105.43; the stock has a $5.88 billion market cap, a P/E of 27.33, and a 52‑week range of $73.42–$119.91.
Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) CEO William Bradley Southern sold 1,318 shares of the business's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $85.38, for a total value of $112,530.84. Following the sale, the chief executive officer owned 558,590 shares in the company, valued at approximately $47,692,414.20. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
William Bradley Southern also recently made the following trade(s):
- 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 Trading Up 1.9%
NYSE:LPX traded up $1.62 during mid-day trading on Thursday, hitting $86.06. 44,154 shares of the company's stock were exchanged, compared to its average volume of 787,207. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week 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 $5.99 billion, a P/E ratio of 27.75 and a beta of 1.81. The company has a 50 day simple moving average of $84.19 and a 200-day simple moving average of $88.89.
Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The company's revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. As a group, research analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.
Louisiana-Pacific Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific's dividend payout ratio (DPR) is currently 36.25%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Vertical Research assumed coverage on Louisiana-Pacific in a research report on Monday, October 20th. They issued a "buy" rating on the stock. Zacks Research lowered Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Monday, November 10th. Barclays began coverage on Louisiana-Pacific in a report on Monday, December 8th. They issued an "overweight" rating and a $100.00 target price on the stock. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Louisiana-Pacific in a report on Thursday, November 20th. Finally, TD Securities dropped their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a "hold" rating on the stock in a research report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.43.
View Our Latest Stock Analysis on Louisiana-Pacific
Hedge Funds Weigh In On Louisiana-Pacific
Several institutional investors have recently added to or reduced their stakes in LPX. Chung Wu Investment Group LLC bought a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at $26,000. North Ridge Wealth Advisors Inc. bought a new position in Louisiana-Pacific during the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Louisiana-Pacific in the second quarter worth $34,000. Versant Capital Management Inc increased its stake in Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company's stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of Louisiana-Pacific during the second quarter valued at about $44,000. 94.73% of the stock is owned by institutional investors and hedge funds.
About Louisiana-Pacific
(
Get Free Report)
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.
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