Louisiana-Pacific Co. Plans Quarterly Dividend of $0.26 (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) announced a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.26 per share by the building manufacturing company on Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, November 20th.

Louisiana-Pacific has raised its dividend payment by an average of 18.3% annually over the last three years. Louisiana-Pacific has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 22.1%.

Louisiana-Pacific Stock Down 0.3 %

NYSE LPX traded down $0.36 during trading hours on Wednesday, hitting $108.14. 1,045,671 shares of the company were exchanged, compared to its average volume of 848,220. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 4.60 and a beta of 1.88. The company has a 50 day moving average of $101.66 and a two-hundred day moving average of $92.87. Louisiana-Pacific has a 52-week low of $57.13 and a 52-week high of $113.04.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. Equities research analysts anticipate that Louisiana-Pacific will post 5.12 earnings per share for the current year.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,900 shares of company stock valued at $3,368,774. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on LPX shares. Bank of America increased their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial upped their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.78.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.