Today, a Director at Louisiana-Pacific (NYSE: LPX), Lizanne Gottung, sold shares of LPX for $204.8K.
This is Gottung’s first Sell trade following 5 Buy transactions. Following Lizanne Gottung’s last LPX Sell transaction on May 14, 2018, the stock climbed by 2.6%.
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Based on Louisiana-Pacific’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $811 million and quarterly net profit of $163 million. In comparison, last year the company earned revenue of $694 million and had a net profit of $94.5 million. LPX’s market cap is $4.26B and the company has a P/E ratio of 8.96. Currently, Louisiana-Pacific has an average volume of 2.13M.
Seven different firms, including BMO Capital and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Louisiana-Pacific has been neutral according to 29 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Louisiana-Pacific Corp. engages in the manufacture of engineered wood building materials. It operates through the following segments: Siding, North America Oriented Strand Board, Engineered Wood Products, and South America.
