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

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) declared 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 annualized dividend and a yield of 1.13%. 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 raised its dividend payment by an average of 15.2% per year over the last three years. Louisiana-Pacific has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $6.50 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 16.0%.

Louisiana-Pacific Stock Down 2.1 %

Shares of LPX traded down $2.11 during midday trading on Friday, hitting $98.78. The company had a trading volume of 995,005 shares, compared to its average volume of 647,669. The company's 50-day simple moving average is $110.24 and its 200-day simple moving average is $106.49. The firm has a market capitalization of $6.88 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.24 and a beta of 1.95. Louisiana-Pacific has a 1 year low of $67.47 and a 1 year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

Wall Street Analyst Weigh In

LPX has been the subject of a number of research reports. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. TD Securities reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday. Royal Bank of Canada reiterated an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday. Finally, StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $108.00.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business'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 value of $283,750.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company's stock.

About Louisiana-Pacific

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.