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

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 dividend on an annualized basis and a dividend 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 by an average of 15.2% annually over the last three years. Louisiana-Pacific has a dividend payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 0.1 %

Shares of LPX stock traded up $0.13 during trading hours on Tuesday, reaching $112.49. 785,183 shares of the company’s stock were exchanged, compared to its average volume of 586,701. Louisiana-Pacific has a 1 year low of $66.77 and a 1 year high of $122.87. The stock has a market cap of $7.90 billion, a PE ratio of 19.39, a PEG ratio of 1.42 and a beta of 1.95. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $111.20 and its two-hundred day moving average price is $106.39.

Analysts Set New Price Targets

LPX has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Truist Financial upped their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $108.38.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly 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 filing with the SEC, which is available through this link. Corporate 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.