Louisiana-Pacific Co. (NYSE:LPX) Sees Large Increase in Short Interest

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

Analyst Ratings Changes

Several research firms have recently issued reports on LPX. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Wednesday, May 7th. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets raised their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 20th. Truist Financial cut their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $107.38.

Insider Activity at Louisiana-Pacific

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. increased its position in shares of Louisiana-Pacific by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after acquiring an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Louisiana-Pacific by 3.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock worth $337,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock worth $228,000 after acquiring an additional 114 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Louisiana-Pacific by 4.1% in the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock worth $268,000 after acquiring an additional 115 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded up $0.19 during trading on Monday, reaching $88.49. 639,442 shares of the stock traded hands, compared to its average volume of 696,079. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market capitalization of $6.16 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.89. Louisiana-Pacific has a 52-week low of $78.82 and a 52-week high of $122.87. The company has a 50-day moving average of $89.38 and a 200-day moving average of $99.39.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. Analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal 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 paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's payout ratio is currently 19.65%.

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.

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