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 company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $110.65 on Wednesday. The firm has a market capitalization of $7.77 billion, a P/E ratio of 19.08, a P/E/G ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a twelve month low of $63.76 and a twelve month high of $122.87. The company has a fifty day moving average of $109.88 and a 200-day moving average of $99.39. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LPX shares. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. TD Securities increased their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Truist Financial upped their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.22.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 3rd quarter worth $38,000. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific during the third quarter worth $43,000. Covestor Ltd lifted its stake in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after buying an additional 163 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after buying an additional 201 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Louisiana-Pacific during the second quarter worth about $53,000. 94.73% of the stock is owned by institutional investors and hedge funds.

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.