Louisiana-Pacific Co. (NYSE:LPX) to Issue $0.26 Quarterly Dividend

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 increased its dividend by an average of 18.3% per year over the last three years. Louisiana-Pacific has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE:LPX traded down $0.36 on Wednesday, reaching $108.14. 1,045,671 shares of the company were exchanged, compared to its average volume of 848,220. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 1-year low of $57.13 and a 1-year high of $113.04. The company has a 50-day moving average of $101.66 and a 200-day moving average of $92.87. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 4.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. Equities analysts forecast that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LPX shares. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a report on Thursday, August 8th. DA Davidson upped their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Truist Financial raised their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.78.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,900 shares of company stock valued at $3,368,774. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Company Profile

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.