Louisiana-Pacific Co. (NYSE:LPX) Director Sells $34,023.00 in Stock

Louisiana-Pacific Co. (NYSE:LPX) Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $111.97 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.70 and a beta of 1.88. The firm has a 50-day moving average of $104.20 and a two-hundred day moving average of $94.81. Louisiana-Pacific Co. has a 1 year low of $60.00 and a 1 year high of $114.33.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. Louisiana-Pacific’s payout ratio is 17.93%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial increased their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson increased their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. TD Securities lifted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Bank of America lifted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. 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 company’s stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $102.22.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the third quarter valued at about $38,000. GAMMA Investing LLC lifted its stake in 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. V Square Quantitative Management LLC bought a new position in Louisiana-Pacific during the 3rd quarter worth about $43,000. Finally, Covestor Ltd grew its holdings in Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

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.