Insider Buying: Louisiana-Pacific Co. (NYSE:LPX) CEO Buys 3,745 Shares of Stock

Louisiana-Pacific Co. (NYSE:LPX) CEO William Bradley Southern purchased 3,745 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of $29.36 per share, with a total value of $109,953.20. Following the completion of the acquisition, the chief executive officer now directly owns 252,431 shares of the company’s stock, valued at $7,411,374.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE LPX traded down $0.04 during trading hours on Thursday, reaching $29.22. 32,950 shares of the stock traded hands, compared to its average volume of 1,971,352. The stock has a 50 day simple moving average of $27.51 and a two-hundred day simple moving average of $25.29. Louisiana-Pacific Co. has a 1 year low of $20.39 and a 1 year high of $30.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.52 and a quick ratio of 2.32. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 10.65 and a beta of 1.44.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, November 5th. The building manufacturing company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Louisiana-Pacific had a net margin of 2.67% and a return on equity of 4.93%. The firm had revenue of $603.00 million for the quarter, compared to analysts’ expectations of $606.71 million. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s revenue for the quarter was down 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 0.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.54 dividend on an annualized basis and a yield of 1.85%. Louisiana-Pacific’s payout ratio is 19.71%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPX. Bourgeon Capital Management LLC purchased a new stake in Louisiana-Pacific during the third quarter valued at about $25,000. Coastal Capital Group Inc. bought a new position in shares of Louisiana-Pacific during the second quarter valued at about $27,000. KCS Wealth Advisory bought a new position in shares of Louisiana-Pacific during the third quarter valued at about $57,000. Price Wealth Management Inc. bought a new position in shares of Louisiana-Pacific during the second quarter valued at about $84,000. Finally, Prestige Wealth Management Group LLC bought a new position in shares of Louisiana-Pacific during the second quarter valued at about $113,000. Institutional investors and hedge funds own 92.60% of the company’s stock.

LPX has been the topic of a number of recent analyst reports. ValuEngine downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Royal Bank of Canada increased their price objective on Louisiana-Pacific to $35.00 and gave the stock a “top pick” rating in a research report on Wednesday, November 6th. Zacks Investment Research upgraded Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a research report on Friday, August 2nd. BMO Capital Markets increased their price objective on Louisiana-Pacific from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, TheStreet downgraded Louisiana-Pacific from a “b” rating to a “c+” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Louisiana-Pacific has a consensus rating of “Buy” and a consensus price target of $30.82.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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