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 Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $104.14 on Friday. The stock has a 50-day simple moving average of $94.69 and a two-hundred day simple moving average of $86.76. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $105.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The firm has a market capitalization of $7.47 billion, a PE ratio of 28.61, a P/E/G ratio of 0.60 and a beta of 1.88.

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

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 28.57%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LPX. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. DA Davidson boosted their price target on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Finally, Truist Financial reiterated a “buy” rating and set a $105.00 price objective (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.67.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC boosted its stake in shares of Louisiana-Pacific by 57.3% in the second 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 period. CWM LLC lifted its position in shares of Louisiana-Pacific by 9.0% in the second quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock worth $188,000 after buying an additional 188 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Louisiana-Pacific by 0.3% in the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after buying an additional 220 shares in the last quarter. Finally, Investment House LLC lifted its position in shares of Louisiana-Pacific by 5.5% in the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock worth $393,000 after buying an additional 250 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

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.