Louisiana-Pacific Co. (NYSE:LPX) Director Ozey K. Horton, Jr. Sells 300 Shares of Stock

Louisiana-Pacific Co. (NYSE:LPX) Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded up $0.75 during mid-day trading on Friday, hitting $113.19. 86,127 shares of the stock were exchanged, compared to its average volume of 836,687. The company has a market capitalization of $7.95 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.68 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a 50-day simple moving average of $103.42 and a 200 day simple moving average of $94.27. Louisiana-Pacific Co. has a 12 month low of $60.00 and a 12 month high of $114.33.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LPX. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Truist Financial boosted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific in the third quarter worth $38,000. GAMMA Investing LLC grew its position in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Louisiana-Pacific in the 3rd quarter worth $43,000. Finally, Covestor Ltd increased its holdings in Louisiana-Pacific by 61.0% during the 3rd 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. 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.