Louisiana-Pacific Corporation (LPX) Insider Rebecca Anne Barckley Sells 5,128 Shares of Stock

Louisiana-Pacific Corporation (NYSE:LPX) insider Rebecca Anne Barckley sold 5,128 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the completion of the sale, the insider now owns 7,305 shares of the company’s stock, valued at $197,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Louisiana-Pacific Corporation (LPX) traded up 0.26% during midday trading on Friday, reaching $26.86. 2,838,816 shares of the company’s stock were exchanged. Louisiana-Pacific Corporation has a 52 week low of $17.08 and a 52 week high of $27.75. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 15.30 and a beta of 1.27. The firm has a 50-day moving average price of $24.98 and a 200 day moving average price of $24.53.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.03). Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business had revenue of $694.00 million during the quarter, compared to analyst estimates of $700.73 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts anticipate that Louisiana-Pacific Corporation will post $1.98 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. WFG Advisors LP grew its position in shares of Louisiana-Pacific Corporation by 12.0% in the 2nd quarter. WFG Advisors LP now owns 13,950 shares of the construction company’s stock valued at $336,000 after acquiring an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Louisiana-Pacific Corporation by 85.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 25,598 shares of the construction company’s stock valued at $617,000 after acquiring an additional 11,825 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Louisiana-Pacific Corporation by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after acquiring an additional 56 shares during the period. BW Gestao de Investimentos Ltda. bought a new position in shares of Louisiana-Pacific Corporation in the 2nd quarter valued at about $8,439,000. Finally, Sterling Capital Management LLC grew its position in shares of Louisiana-Pacific Corporation by 9.5% in the 2nd quarter. Sterling Capital Management LLC now owns 35,940 shares of the construction company’s stock valued at $867,000 after acquiring an additional 3,104 shares during the period. 91.12% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a report on Wednesday, September 6th. BMO Capital Markets reiterated a “hold” rating and issued a $22.00 price objective on shares of Louisiana-Pacific Corporation in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, August 3rd. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.00.

About Louisiana-Pacific Corporation

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Insider Buying and Selling by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

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