Louisiana-Pacific Co. (NYSE:LPX) Announces $0.22 Quarterly Dividend

Louisiana-Pacific Co. (NYSE:LPX – Get Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Investors of record on Thursday, May 12th will be paid a dividend of 0.22 per share by the building manufacturing company on Thursday, May 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, May 11th.

Louisiana-Pacific has raised its dividend by an average of 9.4% annually over the last three years and has increased its dividend every year for the last 4 years. Louisiana-Pacific has a payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $6.78 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 13.0%.

Shares of LPX opened at $66.54 on Friday. The firm has a market cap of $5.72 billion, a PE ratio of 4.76 and a beta of 1.67. Louisiana-Pacific has a 52-week low of $50.12 and a 52-week high of $79.77. The business’s 50 day moving average price is $65.45 and its two-hundred day moving average price is $68.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 2.54.

Louisiana-Pacific (NYSE:LPX – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The building manufacturing company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.38. The company had revenue of $992.00 million during the quarter, compared to analyst estimates of $912.74 million. Louisiana-Pacific had a net margin of 30.24% and a return on equity of 100.29%. Louisiana-Pacific’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.01 EPS. Research analysts predict that Louisiana-Pacific will post 13.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of LPX. Morgan Stanley raised its holdings in shares of Louisiana-Pacific by 95.4% in the second quarter. Morgan Stanley now owns 1,448,960 shares of the building manufacturing company’s stock valued at $87,358,000 after purchasing an additional 707,350 shares during the last quarter. Barclays PLC increased its stake in Louisiana-Pacific by 1.4% in the 4th quarter. Barclays PLC now owns 2,618,133 shares of the building manufacturing company’s stock valued at $205,130,000 after buying an additional 35,664 shares during the last quarter. LPL Financial LLC increased its stake in Louisiana-Pacific by 20.8% in the 4th quarter. LPL Financial LLC now owns 31,844 shares of the building manufacturing company’s stock valued at $2,495,000 after buying an additional 5,488 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Louisiana-Pacific by 57.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,470 shares of the building manufacturing company’s stock worth $115,000 after buying an additional 539 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its stake in shares of Louisiana-Pacific by 8.4% in the 4th quarter. CIBC World Markets Inc. now owns 4,164 shares of the building manufacturing company’s stock worth $326,000 after buying an additional 321 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

LPX has been the topic of a number of research analyst reports. TD Securities raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and cut their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, April 12th. StockNews.com began coverage on Louisiana-Pacific in a research note on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded Louisiana-Pacific from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $59.00 to $84.00 in a report on Friday, January 21st. Finally, DA Davidson reiterated a “buy” rating on shares of Louisiana-Pacific in a report on Wednesday, February 23rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $85.60.

Louisiana-Pacific Company Profile (Get Rating)

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.

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