Louisiana-Pacific Corporation (NYSE:LPX) Announces $0.30 Quarterly Dividend

Louisiana-Pacific Corporation (NYSE:LPX) announced a quarterly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.30 per share by the building manufacturing company on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, May 14th.

Louisiana-Pacific has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Louisiana-Pacific has a dividend payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Louisiana-Pacific to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.2%.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $73.02 on Tuesday. Louisiana-Pacific has a 1-year low of $66.68 and a 1-year high of $102.86. The firm has a market capitalization of $5.10 billion, a PE ratio of 61.88, a PEG ratio of 1.54 and a beta of 1.60. The business’s 50 day moving average is $74.80 and its 200-day moving average is $81.75. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million for the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.Louisiana-Pacific’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. Sell-side analysts predict that Louisiana-Pacific will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LPX. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. Truist Financial restated a “buy” rating and set a $93.00 target price (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Finally, BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.