Louisiana-Pacific Corporation to Issue Quarterly Dividend of $0.30 (NYSE:LPX)

Louisiana-Pacific Corporation (NYSE:LPX) declared a quarterly dividend on Friday, May 1st. Investors of record on Thursday, May 14th will be paid a dividend of 0.30 per share by the building manufacturing company on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, May 14th.

Louisiana-Pacific has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Louisiana-Pacific has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Louisiana-Pacific to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.2%.

Louisiana-Pacific Trading Down 2.8%

Shares of NYSE:LPX opened at $73.02 on Tuesday. The stock has a 50 day moving average of $74.80 and a 200 day moving average of $81.75. The company has a market cap of $5.10 billion, a PE ratio of 61.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.60. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 12-month low of $66.68 and a 12-month high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 EPS. As a group, equities research analysts expect that Louisiana-Pacific will post 2.45 EPS for the current year.

Analyst Ratings Changes

LPX has been the subject of a number of recent research reports. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Thursday, May 7th. Oppenheimer cut their price objective on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target on the stock in a report on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $104.00 price target on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Finally, TD Securities raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.