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

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Wednesday, May 22nd will be paid a dividend of 0.26 per share by the building manufacturing company on Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, May 21st.

Louisiana-Pacific has increased its dividend by an average of 18.3% per year over the last three years and has raised its dividend every year for the last 5 years.

Louisiana-Pacific Stock Down 1.3 %

LPX stock traded down $1.18 during trading on Thursday, reaching $86.96. 2,509,718 shares of the company traded hands, compared to its average volume of 931,555. The business has a 50 day simple moving average of $77.67 and a 200 day simple moving average of $69.39. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $88.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 35.49 and a beta of 1.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.40. The firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The company's quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities research analysts anticipate that Louisiana-Pacific will post 4.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. DA Davidson boosted their target price on Louisiana-Pacific from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday. TD Cowen reissued a "hold" rating and set a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. TheStreet downgraded shares of Louisiana-Pacific from a "b-" rating to a "c+" rating in a report on Thursday, February 29th. Loop Capital began coverage on Louisiana-Pacific in a research note on Friday, May 3rd. They issued a "hold" rating and a $82.00 target price on the stock. Finally, TD Securities raised their price target on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $83.89.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.53% of the stock is currently owned by insiders.

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.