Insider Selling: Louisiana-Pacific Co. (NYSE:LPX) Director Sells 2,500 Shares of Stock

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $3.02 during trading on Tuesday, hitting $110.65. The company's stock had a trading volume of 654,409 shares, compared to its average volume of 812,469. The company has a market cap of $7.77 billion, a PE ratio of 19.08, a P/E/G ratio of 2.82 and a beta of 1.91. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $109.88 and a 200-day moving average of $99.39. Louisiana-Pacific Co. has a 52 week low of $63.76 and a 52 week high of $122.87.

Louisiana-Pacific Dividend Announcement

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

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC bought a new position in Louisiana-Pacific during the third quarter valued at $43,000. Covestor Ltd grew its holdings in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares during the period. First Horizon Advisors Inc. grew its holdings in 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 purchasing an additional 201 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Louisiana-Pacific during the second quarter valued at $53,000. 94.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LPX. DA Davidson upped their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. BMO Capital Markets upped their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 12th. StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, Truist Financial increased their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $102.22.

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.