Louisiana-Pacific Co. to Issue Quarterly Dividend of $0.14 (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) declared a quarterly dividend on Monday, November 4th, Fidelity reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.135 per share by the building manufacturing company on Wednesday, December 4th. This represents a $0.54 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 13th.

Shares of LPX stock traded up $0.28 during midday trading on Tuesday, hitting $29.78. The company had a trading volume of 24,593 shares, compared to its average volume of 2,070,568. The company’s 50 day simple moving average is $26.77 and its 200 day simple moving average is $25.09. Louisiana-Pacific has a 52-week low of $20.39 and a 52-week high of $30.34. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 10.87 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.52 and a quick ratio of 2.32.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, November 5th. The building manufacturing company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Louisiana-Pacific had a net margin of 2.67% and a return on equity of 4.93%. The business had revenue of $603.00 million during the quarter, compared to analysts’ expectations of $606.71 million. During the same period in the prior year, the firm earned $0.83 EPS. Louisiana-Pacific’s revenue for the quarter was down 18.2% on a year-over-year basis. Analysts anticipate that Louisiana-Pacific will post 0.39 EPS for the current year.

LPX has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on Louisiana-Pacific to $35.00 and gave the company a “top pick” rating in a research report on Wednesday, November 6th. Zacks Investment Research upgraded Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a research note on Friday, August 2nd. Longbow Research cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 2nd. ValuEngine cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, TheStreet cut Louisiana-Pacific from a “b” rating to a “c+” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Louisiana-Pacific currently has an average rating of “Buy” and a consensus target price of $30.82.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

See Also: What is meant by buying and selling pressure?

Dividend History for Louisiana-Pacific (NYSE:LPX)

Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.