Short Interest in Louisiana-Pacific Co. (NYSE:LPX) Drops By 26.8%

Louisiana-Pacific Co. (NYSE:LPX) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,750,000 shares, a drop 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 short-interest ratio is currently 2.7 days.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently made changes to their positions in the company. CWM LLC grew its position in Louisiana-Pacific by 4.3% in the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after acquiring an additional 97 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Louisiana-Pacific by 4.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after purchasing an additional 99 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 100 shares during the period. Covestor Ltd increased its position in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Louisiana-Pacific by 4.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,442 shares of the building manufacturing company’s stock valued at $477,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. TD Securities raised their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.38.

Louisiana-Pacific Trading Up 4.7 %

Shares of LPX traded up $5.11 during mid-day trading on Wednesday, reaching $114.31. The stock had a trading volume of 609,634 shares, compared to its average volume of 663,693. Louisiana-Pacific has a 52-week low of $63.76 and a 52-week high of $122.87. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.72 and a beta of 1.94. The business’s fifty day moving average is $111.21 and its 200 day moving average is $101.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. Louisiana-Pacific’s dividend payout ratio (DPR) is 17.93%.

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.