Louisiana-Pacific Co. (NYSE:LPX) to Issue Quarterly Dividend of $0.28

Louisiana-Pacific Co. (NYSE:LPX) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors 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 yield of 1.00%. The ex-dividend date is Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26.

Louisiana-Pacific has raised its dividend payment by an average of 15.2% annually over the last three years. Louisiana-Pacific has a payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $5.37 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 19.4%.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $112.49 on Wednesday. Louisiana-Pacific has a fifty-two week low of $66.77 and a fifty-two week high of $122.87. The company’s 50-day moving average is $111.20 and its 200 day moving average is $106.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a market capitalization of $7.90 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. On average, equities research analysts forecast that Louisiana-Pacific will post 5.64 earnings per share for the current year.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LPX. TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. DA Davidson boosted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, BMO Capital Markets increased their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $108.38.

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.