Louisiana-Pacific Co. (NYSE:LPX) Sees Large Decline in Short Interest

Louisiana-Pacific Co. (NYSE:LPX) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,750,000 shares, a decline of 26.8% from the December 15th total of 2,390,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 656,800 shares, the days-to-cover ratio is presently 2.7 days.

Louisiana-Pacific Trading Up 1.0 %

Shares of NYSE:LPX opened at $115.59 on Friday. The company’s 50-day moving average price is $111.34 and its two-hundred day moving average price is $102.05. Louisiana-Pacific has a one year low of $63.76 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The stock has a market capitalization of $8.12 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.94.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.90%. Louisiana-Pacific’s payout ratio is presently 17.93%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred 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 transaction, the director now 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 disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LPX. UMB Bank n.a. boosted its holdings in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after buying an additional 158 shares during the last quarter. Strong Tower Advisory Services raised its position in Louisiana-Pacific by 0.6% during the fourth quarter. Strong Tower Advisory Services now owns 59,432 shares of the building manufacturing company’s stock worth $6,154,000 after acquiring an additional 340 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 100 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Louisiana-Pacific by 6.2% in the 4th quarter. HB Wealth Management LLC now owns 4,115 shares of the building manufacturing company’s stock valued at $426,000 after acquiring an additional 242 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of Louisiana-Pacific by 65.0% during the 4th quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock worth $764,000 after purchasing an additional 2,907 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LPX has been the subject of several research analyst reports. DA Davidson boosted their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $108.38.

Louisiana-Pacific Company Profile

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.