Key Points
- LPX CEO William Bradley Southern sold 55,346 shares on Jan. 14 at an average price of $91.66 for $5.07M, leaving him with 503,381 shares — a 9.91% reduction in his position.
- Including additional trades on Jan. 15 and Dec. 15–16, Southern has sold about 113,344 shares for roughly $10.17M in recent weeks.
- Analysts maintain a consensus rating of "Moderate Buy" on LPX with a $106.57 average price target, while the stock trades around $93.23 within a 52-week range of $73.42–$119.91.
Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) CEO William Bradley Southern sold 14,166 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $93.08, for a total value of $1,318,571.28. Following the transaction, the chief executive officer owned 489,215 shares of the company's stock, valued at approximately $45,536,132.20. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
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 value 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 value 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 value of $3,666,832.50.
Louisiana-Pacific Trading Down 0.5%
NYSE:LPX opened at $93.23 on Friday. The company has a market cap of $6.49 billion, a P/E ratio of 30.17 and a beta of 1.80. Louisiana-Pacific Corporation has a twelve month low of $73.42 and a twelve month high of $119.91. The business has a 50 day moving average price of $82.70 and a two-hundred day moving average price of $88.31. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20.
Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. During the same quarter in the previous year, the company posted $1.22 EPS. The business's revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal 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 $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. Louisiana-Pacific's payout ratio is currently 36.25%.
Institutional Investors Weigh In On Louisiana-Pacific
Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Louisiana-Pacific by 128.6% in the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company's stock worth $16,259,000 after purchasing an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Louisiana-Pacific during the first quarter worth approximately $273,000. Goldman Sachs Group Inc. raised its position in shares of Louisiana-Pacific by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company's stock valued at $25,274,000 after buying an additional 18,413 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Louisiana-Pacific by 207.1% in the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company's stock valued at $2,596,000 after buying an additional 19,029 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Louisiana-Pacific by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company's stock worth $20,747,000 after buying an additional 29,846 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Barclays raised their price target on Louisiana-Pacific from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday. Truist Financial increased their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Monday, November 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of Louisiana-Pacific from $114.00 to $104.00 and set an "outperform" rating for the company in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.57.
View Our Latest Analysis on Louisiana-Pacific
About Louisiana-Pacific
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
