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 company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now directly owns 18,513 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $103.14 on Friday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.82 and a beta of 1.91. The stock’s 50 day simple moving average is $109.89 and its two-hundred day simple moving average is $99.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 1 year low of $63.76 and a 1 year high of $122.87.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LPX. TD Securities boosted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Truist Financial raised their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.22.

Institutional Trading of Louisiana-Pacific

Several hedge funds have recently made changes to their positions in the business. Ensign Peak Advisors Inc increased its position in shares of Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after purchasing an additional 12,950 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Louisiana-Pacific by 36.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock worth $2,261,000 after purchasing an additional 5,645 shares during the last quarter. Hsbc Holdings PLC increased its stake in Louisiana-Pacific by 168.4% in the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock worth $6,546,000 after buying an additional 49,682 shares during the period. Empowered Funds LLC boosted its position in Louisiana-Pacific by 238.1% in the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock valued at $2,136,000 after buying an additional 14,001 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Louisiana-Pacific by 11.2% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 228,988 shares of the building manufacturing company’s stock valued at $18,853,000 after buying an additional 23,039 shares during the period. 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.