The CEO of Louisiana-Pacific is Exercising Options
Today it was reported that the CEO of Louisiana-Pacific (NYSE: LPX), William Bradley Southern, exercised options to sell 12,042 LPX shares at $10.30 a share, for a total transaction value of $373.3K.
Following William Bradley Southern’s last LPX Sell transaction on December 12, 2016, the stock climbed by 10.3%. In addition to William Bradley Southern, one other LPX executive reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
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 $4.42B and the company has a P/E ratio of 9.18. Currently, Louisiana-Pacific has an average volume of 1.21M.
The insider sentiment on Louisiana-Pacific has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.