Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung Sells 2,500 Shares

Louisiana-Pacific Co. (NYSE:LPX) Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $2.99 during mid-day trading on Tuesday, reaching $110.68. The company’s stock had a trading volume of 652,295 shares, compared to its average volume of 811,942. The firm’s 50-day moving average is $109.88 and its two-hundred day moving average is $99.39. The company has a market cap of $7.77 billion, a P/E ratio of 19.10, a PEG ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a 1-year low of $63.76 and a 1-year 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.

Louisiana-Pacific Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.94%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LPX. Bank of America lifted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. TD Securities lifted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. DA Davidson boosted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.22.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in Louisiana-Pacific by 6.4% in the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock valued at $51,984,000 after acquiring an additional 30,297 shares during the period. Tidal Investments LLC boosted its stake in shares of Louisiana-Pacific by 35.0% in the 3rd quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock valued at $3,076,000 after purchasing an additional 7,419 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $323,000. Arvest Bank Trust Division acquired a new position in Louisiana-Pacific in the third quarter valued at approximately $1,000,000. Finally, Sanctuary Advisors LLC bought a new position in Louisiana-Pacific in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Louisiana-Pacific

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.