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

Louisiana-Pacific Co. (NYSE:LPX) declared 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, November 20th.

Louisiana-Pacific has increased its dividend by an average of 18.3% per year over the last three years. Louisiana-Pacific has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.3 %

Shares of LPX traded down $0.36 during trading hours on Wednesday, reaching $108.14. The stock had a trading volume of 1,027,317 shares, compared to its average volume of 848,220. The firm has a 50-day moving average of $101.66 and a 200 day moving average of $92.87. 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 company has a market cap of $7.60 billion, a P/E ratio of 17.46, a P/E/G ratio of 4.60 and a beta of 1.88. 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 quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same quarter last year, the firm posted $0.55 earnings per share. Louisiana-Pacific’s revenue was up 33.2% compared to the same quarter last year. On average, sell-side analysts expect that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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 research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a report on Thursday, August 8th. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Bank of America increased their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $101.78.

Louisiana-Pacific Company Profile

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.