Louisiana-Pacific (NYSE:LPX) Sets New 12-Month High After Dividend Announcement

Louisiana-Pacific Co. (NYSE:LPX) reached a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as $112.11 and last traded at $112.01, with a volume of 5422 shares trading hands. The stock had previously closed at $108.50.

The newly announced dividend which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.96%. Louisiana-Pacific’s dividend payout ratio is presently 16.91%.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of research analyst reports. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.78.

Louisiana-Pacific Trading Down 0.3 %

The business has a 50 day moving average of $101.89 and a 200-day moving average of $92.98. The stock has a market cap of $7.60 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. Louisiana-Pacific’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, analysts anticipate that Louisiana-Pacific Co. will post 5.12 EPS for the current year.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,900 shares of company stock valued at $3,368,774. Company insiders own 1.53% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several institutional investors have recently added to or reduced their stakes in LPX. Private Advisor Group LLC lifted its position in shares of Louisiana-Pacific by 4.1% during the first quarter. Private Advisor Group LLC now owns 7,839 shares of the building manufacturing company’s stock worth $658,000 after purchasing an additional 312 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Louisiana-Pacific by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock valued at $5,027,000 after acquiring an additional 285 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific during the 1st quarter valued at approximately $25,000. Whittier Trust Co. bought a new position in Louisiana-Pacific during the first quarter worth $31,000. Finally, GSA Capital Partners LLP boosted its holdings in Louisiana-Pacific by 106.0% in the first quarter. GSA Capital Partners LLP now owns 9,769 shares of the building manufacturing company’s stock worth $820,000 after purchasing an additional 5,027 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

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.