Louisiana-Pacific Co. (LPX) to Issue Quarterly Dividend of $0.26 on June 5th

Louisiana-Pacific Co. (NYSE:LPXGet Free Report) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Wednesday, May 22nd will be paid 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 1.15%. The ex-dividend date of this dividend is Tuesday, May 21st.

Louisiana-Pacific has raised its dividend payment by an average of 18.3% annually over the last three years and has raised its dividend every year for the last 5 years. Louisiana-Pacific has a dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Louisiana-Pacific to earn $4.90 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 21.2%.

Louisiana-Pacific Stock Performance

LPX stock opened at $90.42 on Friday. The company has a market cap of $6.48 billion, a P/E ratio of 24.84 and a beta of 1.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $92.37. The stock’s fifty day moving average price is $79.34 and its 200-day moving average price is $71.11.

Louisiana-Pacific (NYSE:LPXGet Free Report) last announced its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The business had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $686.84 million. During the same period last year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific will post 5.79 earnings per share for the current year.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

LPX has been the subject of a number of research reports. Seaport Res Ptn cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. Royal Bank of Canada raised their target price on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Loop Capital began coverage on Louisiana-Pacific in a research report on Friday, May 3rd. They issued a “hold” rating and a $82.00 price target for the company. Finally, TD Securities lifted their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of “Moderate Buy” and an average target price of $83.89.

Read Our Latest Analysis on LPX

Louisiana-Pacific Company Profile

(Get Free Report)

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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Dividend History for Louisiana-Pacific (NYSE:LPX)

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