Update on Short Interest in Louisiana-Pacific Co. (NYSE:LPX)

In December, there was a sizeable drop in the number of short positions opened in Louisiana-Pacific Co. (NYSE: LPX). There were 4,320,000 shares available for a short sale as of December 15, representing a 7.9% decrease from the total of 4,690,000 shares available for a short sale as of November 30. The current short-interest ratio is 4.5 days, calculated based on the average daily volume of 951,700 shares. Currently, there is 4.5 days’ worth of short positions. 6.1% of the company’s shares are currently being sold on the short market at this time.

Lizanne C. Gottung, a director at the company, sold a total of 3,587 shares of the company’s stock on December 15. Other recent events that have taken place include The total amount obtained from the sale of the shares was $224,259, which is equivalent to a price of $62.52 per share on average. Because of the transaction, the director now owns 27,470 shares, and the total value of those shares, based on the company’s most recent closing price, is $1,717,424.40. Information regarding the sale that was submitted to the Securities and Exchange Commission can currently be accessed online at the SEC’s website vents that have taken place include The total amount obtained from the sale of the shares was $224,259, which is equivalent to a price of $62.52 per share on average. Because of the transaction, the director now owns 27,470 shares, and the total value of those shares, based on the company’s most recent closing price, is $1,717,424.40. Information regarding the sale submitted to the Securities and Exchange Commission can currently be accessed online at the SEC’s website. The company’s management and employees collectively own 1.26% of the company’s total shares of stock.

Several market analysts’ attention has recently shifted to the LPX stock.

The discussion of Louisiana-Pacific was initiated on October 12 by publishing an article on StockNews.com; this marked the first time the topic was brought up in a speech. They advised their clients to “hold” the stock moving forward. Bank of America changed its recommendation for Louisiana-Pacific on Tuesday, September 20. The recommendation went from “neutral” to “underperform” in a report distributed that day. In addition, they lowered the price target they had set for the stock, which had previously been set at $64.00, to $56.00.

Lastly, TD Securities lowered their recommendation for Pacific in Louisiana from “buy” to “hold” and set their price target for the company at $72.00. On Monday, December 19, the public was given access to a report. The stock has been recommended to sell by one of the equity research analysts, a recommendation to hold it by four, and a recommendation to buy by one. According to the data from Bloomberg.com, the company is currently rated as having an average of “Hold,” and its price is forecast to be $64,000.

In the most recent few months, several hedge funds and other institutional investors have adjusted the percentage of the company’s stock held by each portfolio. During the third quarter, WealthPlan Investment Management LLC increased its holdings in Louisiana-Pacific shares by 7.4% thanks to the addition of a new position worth around $1,103,000. During this period, Invst LLC was also able to increase its holdings in Louisiana-Pacific. Invst LLC now has 8,368 shares of the building manufacturing company’s stock after purchasing an additional 574 shares during the most recent quarter. The company’s shares are collectively worth a sum equal to or greater than $460,000. In addition, during the third quarter of the fiscal year, the Kentucky Teachers Retirement System made a brand-new investment in the form of 1,291,000 dollars’ worth of shares of Louisiana-Pacific. During the third quarter, Glenmede Trust Co. NA made a 31.1% increase in the amount of Louisiana-Pacific stock it owned, bringing its total percentage of ownership to 100%. Glenmede Trust Co. NA increased its stake in the building manufacturing company by 7,800 shares during the most recent quarter, bringing the total number of shares it owns to 32,865 with a value of $1,682,000. And finally, during the last three months of the year, Captrust Financial Advisors increased the amount of Louisiana-Pacific stock owned by 4.2%. Captrust Financial Advisors now has a total of 9,811 shares of the building manufacturing company thanks to the purchase of an additional 396 shares during the most recent fiscal quarter. These shares are currently trading on the market for $502,000. The vast majority of the company’s stock is owned by institutional investors and hedge funds, which account for 99.23% of the total.

On Tuesday, the cost of purchasing a share of LPX stock was $59.20 per share. This company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 3.80, and a beta of 1.62. The stock has a 50-day moving average of $60.50 and a 200-day moving average of $57.55. The current ratio to the quick ratio is 2.33; the quick ratio to the current ratio is 1.54; and the debt to equity ratio is 0.25%. A Louisiana-priced Pacific may range anywhere from $48.10 to $79.77 over a year.

On November 1 of this year, Louisiana-Pacific (NYSE: LPX) released its most recent quarterly earnings report. The building materials manufacturer announced that their quarterly earnings per share (EPS) came in at $1.72, which is $0.10 higher than the average estimated $1.62 analysts provided. In addition, the company reported sales for the quarter totaling $852 million, which was significantly higher than the estimate provided by the market, which was 847.81 million dollars. Louisiana-Pacific had a return on equity of 77.64% and a net margin of 29.88%. This indicates that the company is doing well. According to the forecasts of financial experts in the industry, Louisiana-Pacific should realize a profit of $12.04 per share during the current financial year.