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

Louisiana-Pacific Co. (NYSE:LPX) declared a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Tuesday, August 20th will be paid a dividend of 0.26 per share by the building manufacturing company on Tuesday, September 3rd. This represents a $1.04 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, August 20th.

Louisiana-Pacific has raised its dividend payment by an average of 18.3% annually over the last three years. Louisiana-Pacific has a payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $4.68 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 22.2%.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $94.08 on Monday. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $101.89. The stock has a market capitalization of $6.75 billion, a PE ratio of 25.85, a P/E/G ratio of 13.92 and a beta of 1.89. The firm has a 50 day moving average of $89.62 and a two-hundred day moving average of $82.52.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same quarter last year, the company posted $0.55 EPS. The firm’s revenue was up 33.2% compared to the same quarter last year. On average, research analysts predict that Louisiana-Pacific will post 5.23 EPS for the current fiscal year.

Analysts Set New Price Targets

LPX has been the topic of a number of analyst reports. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. TD Securities lifted their price target on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Truist Financial reiterated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. Finally, BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $94.88.

Insider Activity at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction that occurred on 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 directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Louisiana-Pacific 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 sale, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the sale, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The disclosure for this sale can be found here. 1.26% of the stock is owned by 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.