Key Points
- Director Lizanne Bruce sold 1,300 shares on March 10 at an average price of $78.59 for a $102,167 transaction, trimming her stake by 7.04% to 17,160 shares (worth about $1.35M).
- Dividend increased to $0.30 quarterly (from $0.28), an annualized $1.20 with a 1.6% yield; the ex-dividend date was Feb 27 and payment is scheduled for Mar 13.
- The company reported Q4 EPS of $0.03, beating the -$0.06 estimate by $0.09, while revenue was $567M (below the ~$590M consensus) and down 16.7% year‑over‑year.
Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) Director Lizanne Bruce sold 1,300 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares of the company's stock, valued at approximately $1,348,604.40. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Louisiana-Pacific Stock Down 1.4%
Shares of NYSE:LPX traded down $1.10 during trading on Thursday, reaching $75.93. 109,951 shares of the stock traded hands, compared to its average volume of 1,182,326. The stock has a market cap of $5.30 billion, a P/E ratio of 36.35 and a beta of 1.78. The stock has a 50-day moving average of $87.56 and a two-hundred day moving average of $87.08. Louisiana-Pacific Corporation has a 52-week low of $73.42 and a 52-week high of $102.86. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The firm had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. During the same period in the prior year, the company posted $1.03 earnings per share. The company's quarterly revenue was down 16.7% on a year-over-year basis. As a group, sell-side analysts expect 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 will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 27th. This represents a $1.20 annualized dividend and a yield of 1.6%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.28. Louisiana-Pacific's dividend payout ratio (DPR) is currently 53.59%.
Hedge Funds Weigh In On Louisiana-Pacific
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eminence Capital LP grew its stake in Louisiana-Pacific by 29.9% during the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company's stock valued at $326,927,000 after acquiring an additional 932,177 shares in the last quarter. 59 North Capital Management LP lifted its stake in Louisiana-Pacific by 26.3% in the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company's stock worth $285,639,000 after purchasing an additional 737,406 shares in the last quarter. State Street Corp boosted its holdings in shares of Louisiana-Pacific by 1.3% during the 4th quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company's stock valued at $175,355,000 after purchasing an additional 27,710 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Louisiana-Pacific by 23.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company's stock valued at $139,218,000 after purchasing an additional 332,794 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Louisiana-Pacific by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,624,489 shares of the building manufacturing company's stock valued at $131,202,000 after purchasing an additional 74,636 shares in the last quarter. Institutional investors own 94.73% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on LPX. Zacks Research lowered Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. DA Davidson decreased their price objective on Louisiana-Pacific from $117.00 to $114.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Louisiana-Pacific in a research report on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $105.83.
Check Out Our Latest Stock Analysis on LPX
Louisiana-Pacific Company Profile
(
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.
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