Louisiana-Pacific Co. (NYSE:LPX – Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Wednesday, May 22nd will be given a dividend of 0.26 per share by the building manufacturing company on Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 21st.
Louisiana-Pacific has raised its dividend payment by an average of 18.3% per year over the last three years and has increased its dividend every year for the last 5 years.
Louisiana-Pacific Price Performance
Shares of LPX stock opened at $86.96 on Friday. Louisiana-Pacific has a 12-month low of $49.47 and a 12-month high of $88.40. The firm has a fifty day moving average of $77.67 and a 200-day moving average of $69.39. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 35.49 and a beta of 1.87. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Loop Capital began coverage on Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 price target for the company. TD Securities boosted their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a report on Thursday. TD Cowen reiterated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, DA Davidson increased their target price on Louisiana-Pacific from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.89.
Check Out Our Latest Stock Analysis on LPX
Insider Transactions at Louisiana-Pacific
In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.53% of the stock is owned by corporate insiders.
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.
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