Louisiana-Pacific (NYSE:LPX) Trading Up 6.6% - Here's What Happened

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) traded up 6.6% on Tuesday . The company traded as high as $108.61 and last traded at $107.81. 145,986 shares were traded during trading, a decline of 83% from the average session volume of 840,850 shares. The stock had previously closed at $101.14.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LPX shares. Truist Financial upped their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. The Goldman Sachs Group raised their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a "sell" rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their target price on Louisiana-Pacific from $101.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. StockNews.com upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Bank of America raised their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and a consensus target price of $93.56.

Louisiana-Pacific Price Performance

The stock has a market capitalization of $7.63 billion, a PE ratio of 17.65, a PEG ratio of 4.60 and a beta of 1.88. The firm's fifty day moving average price is $101.66 and its two-hundred day moving average price is $92.87. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business's quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. On average, equities analysts predict that Louisiana-Pacific Co. will post 5.12 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific's payout ratio is 16.91%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now directly owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock worth $3,368,774. Corporate insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in Louisiana-Pacific by 48,193.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company's stock valued at $13,616,000 after acquiring an additional 161,931 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in Louisiana-Pacific in the first quarter worth about $232,000. Van ECK Associates Corp boosted its position in shares of Louisiana-Pacific by 43.1% during the first quarter. Van ECK Associates Corp now owns 25,418 shares of the building manufacturing company's stock valued at $2,133,000 after buying an additional 7,651 shares during the period. Private Advisor Group LLC raised its holdings in shares of Louisiana-Pacific by 4.1% in the first quarter. Private Advisor Group LLC now owns 7,839 shares of the building manufacturing company's stock worth $658,000 after buying an additional 312 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Louisiana-Pacific by 0.5% during the 1st quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company's stock worth $5,027,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

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.