Louisiana-Pacific Co. (NYSE:LPX) CEO William Bradley Southern sold 12,042 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $31.00, for a total value of $373,302.00. Following the sale, the chief executive officer now directly owns 196,518 shares of the company’s stock, valued at $6,092,058. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Louisiana-Pacific stock opened at $30.93 on Monday. The stock has a market capitalization of $4.53 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 2.05 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.68 and a quick ratio of 4.57. Louisiana-Pacific Co. has a 1 year low of $25.57 and a 1 year high of $32.16.
Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, August 7th. The construction company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.10. The firm had revenue of $810.80 million during the quarter, compared to the consensus estimate of $788.55 million. Louisiana-Pacific had a return on equity of 28.21% and a net margin of 16.85%. research analysts forecast that Louisiana-Pacific Co. will post 3.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, August 16th. Louisiana-Pacific’s dividend payout ratio is currently 22.32%.
Louisiana-Pacific announced that its Board of Directors has initiated a stock repurchase program on Tuesday, August 7th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
Several brokerages have recently commented on LPX. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. Bank of America raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Monday, July 16th. Finally, ValuEngine downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.25.
A number of institutional investors have recently made changes to their positions in LPX. SG Americas Securities LLC lifted its stake in Louisiana-Pacific by 23.4% in the 1st quarter. SG Americas Securities LLC now owns 41,600 shares of the construction company’s stock worth $1,197,000 after acquiring an additional 7,894 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Louisiana-Pacific in the 1st quarter worth about $131,000. Mackay Shields LLC purchased a new stake in Louisiana-Pacific in the 1st quarter worth about $496,000. Victory Capital Management Inc. purchased a new stake in Louisiana-Pacific in the 1st quarter worth about $16,624,000. Finally, Swiss National Bank lifted its stake in Louisiana-Pacific by 2.2% in the 1st quarter. Swiss National Bank now owns 252,200 shares of the construction company’s stock worth $7,256,000 after acquiring an additional 5,500 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.
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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