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 Louisiana-Pacific 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 directly owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $2.99 on Tuesday, reaching $110.68. The stock had a trading volume of 652,295 shares, compared to its average volume of 811,942. Louisiana-Pacific Co. has a 12 month low of $63.76 and a 12 month high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 2.82 and a beta of 1.91. The firm’s 50-day moving average is $109.88 and its two-hundred day moving average is $99.39.

Louisiana-Pacific Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPX. Wealth Enhancement Advisory Services LLC raised its position in shares of Louisiana-Pacific by 9.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,841 shares of the building manufacturing company’s stock valued at $316,000 after purchasing an additional 345 shares during the period. Blue Trust Inc. lifted its holdings in Louisiana-Pacific by 20.7% during the 2nd quarter. Blue Trust Inc. now owns 1,848 shares of the building manufacturing company’s stock worth $155,000 after purchasing an additional 317 shares during the last quarter. Summit Global Investments bought a new position in Louisiana-Pacific during the 2nd quarter worth $1,499,000. Investment House LLC lifted its holdings in shares of Louisiana-Pacific by 5.5% during the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock worth $393,000 after buying an additional 250 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in shares of Louisiana-Pacific in the second quarter valued at about $209,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LPX shares. Bank of America boosted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Truist Financial increased their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. TD Securities lifted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. DA Davidson raised their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.22.

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.