Louisiana-Pacific (NYSE:LPX) Director Buys $249,792.00 in Stock

Louisiana-Pacific Corporation (NYSE:LPX) Director Stephen Macadam purchased 3,200 shares of Louisiana-Pacific stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the transaction, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Louisiana-Pacific Stock Performance

LPX stock traded up $0.24 during midday trading on Wednesday, reaching $77.96. The company had a trading volume of 819,496 shares, compared to its average volume of 769,662. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $89.42 and a 200 day moving average price of $90.68. The firm has a market capitalization of $5.43 billion, a PE ratio of 18.39 and a beta of 1.80. Louisiana-Pacific Corporation has a fifty-two week low of $76.25 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.Louisiana-Pacific’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. Analysts anticipate that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.4%. Louisiana-Pacific’s payout ratio is presently 36.25%.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. Chung Wu Investment Group LLC bought a new position in shares of Louisiana-Pacific during the 2nd quarter worth about $26,000. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Louisiana-Pacific during the second quarter worth approximately $34,000. Versant Capital Management Inc boosted its holdings in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after acquiring an additional 127 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Louisiana-Pacific in the 2nd quarter valued at $44,000. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, September 25th. TD Securities reduced their target price on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Vertical Research assumed coverage on Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. Royal Bank Of Canada decreased their price objective on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $106.33.

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.