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.

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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 $4.42B 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.

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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.