Louisiana-Pacific (NYSE:LPX) Director Sells $50,500.00 in Stock

Key Points

• Ozey K. Horton, Jr., a director at Louisiana-Pacific Corporation, sold 500 shares of the company's stock for a total of $50,500, resulting in a 1.65% decrease in his ownership.
• Louisiana-Pacific reported earnings per share of $0.99 for the latest quarter, surpassing analyst expectations, although revenue was down 7.2% compared to the previous year.
• The company announced a quarterly dividend of $0.28 per share, reflecting an annualized dividend yield of 1.1%, with the dividend payout ratio currently at 26.42%.

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the transaction, the director directly owned 29,728 shares of the company's stock, valued at approximately $3,002,528. The trade was a 1.65% 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 Trading Up 1.2%

LPX stock traded up $1.12 during trading on Tuesday, reaching $98.25. The company had a trading volume of 69,726 shares, compared to its average volume of 736,711. Louisiana-Pacific Corporation has a 52 week low of $78.82 and a 52 week high of $122.87. The company has a market cap of $6.84 billion, a P/E ratio of 23.18, a PEG ratio of 2.22 and a beta of 1.80. The business has a 50 day moving average of $90.55 and a 200 day moving average of $92.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The business had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 earnings per share. As a group, sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Louisiana-Pacific's dividend payout ratio is 26.42%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC bought a new position in Louisiana-Pacific in the second quarter worth approximately $26,000. North Ridge Wealth Advisors Inc. bought a new position in Louisiana-Pacific in the second quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Louisiana-Pacific in the second quarter worth approximately $34,000. RMG Wealth Management LLC bought a new position in Louisiana-Pacific in the second quarter worth approximately $44,000. Finally, UMB Bank n.a. raised its position in Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after acquiring an additional 242 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LPX shares. Truist Financial cut their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Royal Bank Of Canada upped their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. Finally, DA Davidson cut their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $106.13.

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.