Louisiana-Pacific Co. (NYSE:LPX) Declares Dividend Increase – $0.28 Per Share

Louisiana-Pacific Co. (NYSE:LPX) announced a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Stockholders of record on Thursday, February 27th will be paid a dividend of 0.28 per share by the building manufacturing company on Thursday, March 13th. This represents a $1.12 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26.

Louisiana-Pacific has raised its dividend by an average of 15.2% per year over the last three years. Louisiana-Pacific has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Louisiana-Pacific to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 17.2%.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $97.73 on Tuesday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific has a fifty-two week low of $69.94 and a fifty-two week high of $122.87. The business’s fifty day moving average price is $109.92 and its two-hundred day moving average price is $106.68.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Analyst Ratings Changes

LPX has been the subject of several research reports. Loop Capital lowered their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research report on Monday. Truist Financial boosted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. TD Securities dropped their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. DA Davidson dropped their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group increased 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, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.50.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

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.