Louisiana-Pacific Co. (NYSE:LPX) Director Sells $283,750.00 in Stock

Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $104.04 on Thursday. Louisiana-Pacific Co. has a fifty-two week low of $63.76 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a 50 day moving average price of $109.96 and a 200 day moving average price of $99.52. The stock has a market capitalization of $7.31 billion, a P/E ratio of 17.94, a PEG ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. Louisiana-Pacific’s payout ratio is presently 17.93%.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $43,000. Covestor Ltd grew its holdings in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after buying an additional 201 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, TD Securities raised their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Two investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.22.

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.