Louisiana-Pacific Corporation (LPX) to Distribute Quarterly Dividend of $0.30 on August 28th

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.30 per share by the building manufacturing company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th.

Louisiana-Pacific has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Louisiana-Pacific has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Louisiana-Pacific to earn $3.36 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 35.7%.

Louisiana-Pacific Trading Down 3.4%

Shares of Louisiana-Pacific stock traded down $2.58 during midday trading on Wednesday, reaching $72.94. The company had a trading volume of 67,146 shares, compared to its average volume of 1,149,612. The stock has a fifty day moving average price of $75.20 and a 200 day moving average price of $77.34. Louisiana-Pacific has a fifty-two week low of $66.12 and a fifty-two week high of $102.86. The firm has a market cap of $5.10 billion, a PE ratio of 92.03, a P/E/G ratio of 10.53 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $667.31 million. During the same period in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Louisiana-Pacific will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LPX shares. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective on the stock. DA Davidson dropped their target price on shares of Louisiana-Pacific from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Wednesday, August 5th. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Finally, TD increased their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.00.

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.