Louisiana-Pacific Co. (NYSE:LPX) CFO Michael Emory Kinney sold 11,815 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $31.05, for a total value of $366,855.75. Following the completion of the transaction, the chief financial officer now directly owns 32,042 shares in the company, valued at $994,904.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Louisiana-Pacific stock opened at $30.93 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.68 and a quick ratio of 4.57. The stock has a market cap of $4.53 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 2.05 and a beta of 1.47. 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 earnings results on Tuesday, August 7th. The construction company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.10. The company 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%. analysts predict that Louisiana-Pacific Co. will post 3.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.52 annualized dividend and a dividend yield of 1.68%. Louisiana-Pacific’s dividend payout ratio is presently 22.32%.
Louisiana-Pacific announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 7th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on the company. Zacks Investment Research lowered Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 10th. Bank of America raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday, July 16th. Finally, ValuEngine downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.25.
Several institutional investors have recently made changes to their positions in LPX. Vident Investment Advisory LLC grew its stake in Louisiana-Pacific by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 115,040 shares of the construction company’s stock worth $3,131,000 after purchasing an additional 1,725 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Louisiana-Pacific by 3.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 56,305 shares of the construction company’s stock worth $1,533,000 after purchasing an additional 1,997 shares in the last quarter. Alpha Windward LLC grew its stake in Louisiana-Pacific by 11.9% in the second quarter. Alpha Windward LLC now owns 19,133 shares of the construction company’s stock worth $521,000 after purchasing an additional 2,033 shares in the last quarter. Zacks Investment Management grew its stake in Louisiana-Pacific by 2.9% in the second quarter. Zacks Investment Management now owns 81,194 shares of the construction company’s stock worth $2,210,000 after purchasing an additional 2,302 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake in Louisiana-Pacific by 36.0% in the second quarter. NumerixS Investment Technologies Inc now owns 9,250 shares of the construction company’s stock worth $249,000 after purchasing an additional 2,450 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.
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.
Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.