Louisiana-Pacific (NYSE:LPX) Director Gary Cook sold 5,000 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the transaction, the director now owns 50,026 shares of the company’s stock, valued at $1,429,743.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
LPX stock opened at $29.54 on Monday. The firm has a market cap of $4,281.82, a PE ratio of 12.68, a PEG ratio of 2.18 and a beta of 1.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.03 and a quick ratio of 4.07. Louisiana-Pacific has a 52 week low of $22.07 and a 52 week high of $31.07.
Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business had revenue of $710.60 million during the quarter, compared to the consensus estimate of $654.26 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. analysts forecast that Louisiana-Pacific will post 2.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. Louisiana-Pacific’s dividend payout ratio (DPR) is 22.32%.
LPX has been the subject of several analyst reports. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, January 9th. Stephens set a $31.00 price target on Louisiana-Pacific and gave the company a “hold” rating in a report on Wednesday, January 10th. Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 24th. BMO Capital Markets set a $25.00 price target on Louisiana-Pacific and gave the company a “sell” rating in a report on Tuesday, February 13th. Finally, DA Davidson boosted their price target on Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.75.
A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new stake in Louisiana-Pacific during the 4th quarter worth $359,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $4,942,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $1,423,000. Csenge Advisory Group purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $225,000. Finally, MetLife Investment Advisors LLC purchased a new position in Louisiana-Pacific in the 4th quarter valued at about $4,188,000. 94.61% of the stock is owned by hedge funds and other institutional investors.
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Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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