Louisiana-Pacific Corporation (NYSE:LPX) Short Interest Update

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 2,270,000 shares, an increase of 41.0% from the May 15th total of 1,610,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 701,100 shares, the days-to-cover ratio is currently 3.2 days.

Louisiana-Pacific Stock Up 0.6%

Louisiana-Pacific stock traded up $0.53 during trading on Thursday, reaching $86.51. 881,332 shares of the company's stock were exchanged, compared to its average volume of 695,541. The company's 50-day moving average is $89.26 and its two-hundred day moving average is $98.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. Louisiana-Pacific has a 52-week low of $78.82 and a 52-week high of $122.87. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.28 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The firm had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same period in the prior year, the company earned $1.53 EPS. The firm's revenue was up .0% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the transaction, the director now directly owns 18,838 shares in the company, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.42% of the stock is owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently added to or reduced their stakes in LPX. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $35,000. UMB Bank n.a. boosted its position in Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after buying an additional 242 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares during the last quarter. GeoWealth Management LLC boosted its position in Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after buying an additional 865 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Louisiana-Pacific by 41.5% in the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock valued at $96,000 after buying an additional 305 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on LPX. Truist Financial cut their price target on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $107.38.

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.