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 stock in a transaction that occurred on Monday, December 16th. The stock was 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. The trade was a 11.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Louisiana-Pacific Stock Down 2.7 %

Shares of NYSE LPX opened at $110.65 on Wednesday. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.82 and a beta of 1.91. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12 month low of $63.76 and a 12 month high of $122.87. The stock has a 50-day moving average price of $109.88 and a two-hundred day moving average price of $99.39.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is 17.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LPX shares. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Truist Financial increased their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Bank of America boosted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets upped their price objective 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. Finally, Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $102.22.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific during the third quarter worth $38,000. V Square Quantitative Management LLC acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at $43,000. Covestor Ltd grew its position 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 during the last quarter. First Horizon Advisors Inc. grew its position 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 acquiring an additional 201 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Louisiana-Pacific in the 2nd quarter worth about $53,000. 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.