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

Louisiana-Pacific Co. (NYSE:LPX) declared a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th.

Louisiana-Pacific has raised its dividend payment by an average of 18.3% annually over the last three years. Louisiana-Pacific has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.4 %

Shares of NYSE:LPX opened at $111.97 on Monday. The company has a market cap of $7.86 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.70 and a beta of 1.88. The stock’s 50-day moving average is $104.20 and its 200-day moving average is $94.97. Louisiana-Pacific has a 52-week low of $60.00 and a 52-week high of $114.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,400 shares of company stock worth $3,325,917. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LPX shares. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Royal Bank of Canada raised their price target 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. Finally, DA Davidson raised their price target 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.