NASHVILLE, TN – Michael W. Blosser, Senior Vice President of Manufacturing Services at Louisiana-Pacific Corp (NYSE:LPX), sold 3,661 shares of company stock on May 15, 2024, for a total value of $335,127, with the price per share at $91.54.
The transaction was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC). Following the sale, Blosser still holds 54,898 shares of Louisiana-Pacific Corp stock, directly owned. Additionally, he has an indirect ownership of 687 shares through a 401(k) plan.
Louisiana-Pacific Corp, known for its lumber and wood products, is a Delaware-incorporated company with its business address in Nashville, Tennessee. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol LPX.
Investors often monitor the buying and selling activities of company insiders for insights into the company's performance and management's view of the company's value. The sale by Blosser is a transaction that may interest Louisiana-Pacific Corp's investors and market analysts.
The SEC filing was signed by Nicole Daniel, Attorney in Fact, on behalf of Blosser on the date of the transaction. The filing provides transparency into the trades made by company executives and is a standard requirement for insider transactions.
Louisiana-Pacific Corp has not made any official statement regarding the transaction, and it remains a routine disclosure as part of the company's compliance with SEC regulations.
InvestingPro Insights
Recent market data and analysis from InvestingPro provides a deeper dive into Louisiana-Pacific Corp's (NYSE:LPX) financial health and stock performance. With a market capitalization of approximately $6.6 billion and a P/E ratio that has adjusted to 21.55 in the last twelve months as of Q1 2024, LPX is positioned as a significant player in the lumber and wood products industry.
InvestingPro Tips highlight several key factors that could be influencing LPX's stock dynamics. Notably, the company has a history of raising its dividend, with an increase for 6 consecutive years, signaling potential confidence in its financial stability and future earnings. Additionally, analysts have revised their earnings upwards for the upcoming period, which might reflect an optimistic outlook for the company's profitability.
From a performance standpoint, LPX has demonstrated a strong return over the last three months, with a 28.49% price total return, and an impressive 47.39% over the last six months. This could be indicative of the stock's positive momentum among investors. However, it's also worth noting that the stock is trading near its 52-week high, at 99.65% of this threshold, which could suggest a cautious approach for those concerned about buying at peak values.
For investors seeking additional insights and tips on LPX, there are more available on InvestingPro. Utilize the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, where you can find a total of 17 InvestingPro Tips that could further guide your investment decisions.
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