Louisiana-Pacific Co. (NYSE:LPX) Increases Dividend to $0.28 Per Share

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

Louisiana-Pacific has increased its dividend payment by an average of 15.2% per year over the last three years. Louisiana-Pacific has a payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. 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 Performance

NYSE:LPX traded up $0.13 during trading hours on Tuesday, reaching $112.49. The company had a trading volume of 785,183 shares, compared to its average volume of 586,701. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 52 week low of $66.77 and a 52 week high of $122.87. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.42 and a beta of 1.95. The firm’s 50 day moving average price is $111.20 and its 200-day moving average price is $106.39.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Truist Financial raised their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, DA Davidson raised their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $108.38.

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.