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

Louisiana-Pacific Co. (NYSE:LPX) announced a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Shareholders of record on Wednesday, November 20th will be given 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 yield of 0.96%. The ex-dividend date is Wednesday, November 20th.

Louisiana-Pacific has raised 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. Equities 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 Performance

Shares of LPX stock traded down $0.36 during trading hours on Wednesday, reaching $108.14. 1,027,317 shares of the company’s stock were exchanged, compared to its average volume of 848,220. Louisiana-Pacific has a fifty-two week low of $57.13 and a fifty-two week high of $113.04. 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 stock has a market capitalization 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. The business has a fifty day moving average price of $101.66 and a 200-day moving average price of $92.87.

Louisiana-Pacific (NYSE:LPX) last released its 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 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same period in the prior year, the company earned $0.55 EPS. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. Analysts predict that Louisiana-Pacific will post 5.12 EPS for the current fiscal year.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were 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 $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 quarter, insiders have sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the topic of a number of recent research reports. Truist Financial lifted their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research note on Thursday, August 8th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Hold” and an average target price 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.