Louisiana-Pacific Co. Plans Quarterly Dividend of $0.26 (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) declared a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors 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 0.90%. The ex-dividend date is Wednesday, November 20th.

Louisiana-Pacific has increased its dividend payment by an average of 18.3% per year over the last three years. Louisiana-Pacific has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $5.13 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 20.3%.

Louisiana-Pacific Stock Up 3.0 %

NYSE:LPX opened at $115.28 on Tuesday. 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 stock has a 50-day simple moving average of $104.20 and a 200 day simple moving average of $94.97. Louisiana-Pacific has a one year low of $60.00 and a one year high of $117.59. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.70 and a beta of 1.88.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This trade represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,400 shares of company stock valued at $3,325,917 over the last quarter. Corporate insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

LPX has been the topic of a number of recent research reports. 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 report on Tuesday, November 12th. 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 report on Wednesday, November 6th. Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Finally, TD Securities lifted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.22.

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.