Yahoo Finance Insider Sale: Director Lizanne Gottung Sells Shares of Louisiana-Pacific Corp (LPX)
On June 17, 2024, Lizanne Gottung, a Director at Louisiana-Pacific Corp (NYSE:LPX), executed a sale of 3,591 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 23,501 shares of Louisiana-Pacific Corp.
Louisiana-Pacific Corp is a leading manufacturer of building solutions, known for its high-quality engineered wood products used primarily in construction and remodeling of residential, industrial, and light commercial structures.
Over the past year, Lizanne Gottung has sold a total of 9,404 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the past year, where there have been no insider buys and seven insider sells within the company.
Shares of Louisiana-Pacific Corp were trading at $89.18 on the day of the transaction. The company currently has a market cap of $6.37 billion. The price-earnings ratio stands at 24.40, which is above both the industry median of 15.16 and the company's historical median.
The stock's valuation, according to GF Value, is $62.25, indicating that with a current price of $89.18, Louisiana-Pacific Corp is significantly overvalued with a price-to-GF-Value ratio of 1.43.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
