Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. 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. The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The EWP segment provides laminated veneer lumber and other related products; and LP SolidStart I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment manufactures and distributes OSB structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services. The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, Asia, Australia, and Europe. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.
Louisiana-Pacific Price Performance
Shares of LPX Stock traded up $1.25 during trading hours on Monday, reaching $62.63. The company had a trading volume of 1,521,774 shares, compared to its average volume of 1,238,322. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 3.78 and a beta of 1.65. Louisiana-Pacific has a 12-month low of $49.98 and a 12-month high of $79.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.09 and a current ratio of 2.92. The stock has a fifty day moving average of $60.02 and a 200-day moving average of $64.50.
Louisiana-Pacific Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be given a $0.22 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.88 annualized dividend and a yield of 1.41%. Louisiana-Pacific's payout ratio is 5.31%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. The Goldman Sachs Group cut their price objective on Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Truist Financial assumed coverage on Louisiana-Pacific in a research note on Wednesday, June 29th. They set a "hold" rating and a $57.00 price objective for the company. TD Securities cut their price objective on Louisiana-Pacific from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, June 23rd. Finally, Bank of America lowered Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 price target for the company. in a research report on Thursday, June 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $69.20.