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Louisiana-Pacific Co. (NYSE:LPX - Get Rating) announced a quarterly dividend on Friday, August 5th, Zacks reports. Investors of record on Thursday, August 18th will be given a dividend of 0.22 per share by the building manufacturing company on Thursday, September 1st. This represents a $0.88 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, August 17th.
Louisiana-Pacific has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Louisiana-Pacific to earn $6.26 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 14.1%. Louisiana-Pacific Stock Performance
Shares of LPX opened at $61.38 on Friday. 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 market capitalization of $5.04 billion, a P/E ratio of 3.70 and a beta of 1.65. The company's fifty day moving average is $60.18 and its two-hundred day moving average is $64.55. Louisiana-Pacific has a 1 year low of $49.98 and a 1 year high of $79.77.
Louisiana-Pacific (NYSE:LPX - Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The building manufacturing company reported $5.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.54. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.26 billion. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. Louisiana-Pacific's revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.01 EPS. On average, sell-side analysts predict that Louisiana-Pacific will post 13.93 earnings per share for the current year. Institutional Investors Weigh In On Louisiana-Pacific
Large investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. acquired a new stake in Louisiana-Pacific in the 1st quarter valued at about $25,000. Covestor Ltd lifted its holdings in Louisiana-Pacific by 35.2% in the 1st quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company's stock valued at $107,000 after purchasing an additional 448 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in Louisiana-Pacific by 8.6% in the 1st quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company's stock valued at $218,000 after purchasing an additional 278 shares in the last quarter. EHP Funds Inc. purchased a new position in Louisiana-Pacific in the 1st quarter valued at about $242,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Louisiana-Pacific by 206.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,500 shares of the building manufacturing company's stock valued at $280,000 after purchasing an additional 3,030 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes
Several equities analysts have issued reports on LPX shares. TD Securities dropped their price objective on shares of Louisiana-Pacific from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. Truist Financial began coverage on shares of Louisiana-Pacific in a research note on Wednesday, June 29th. They set a "hold" rating and a $57.00 price target on the stock. Bank of America cut shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 price target on the stock. in a research note on Thursday, June 23rd. Finally, The Goldman Sachs Group lowered their price target on shares of Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, June 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $69.20.About Louisiana-Pacific (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.Featured StoriesGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)MarketBeat: Week in Review 8/1 - 8/5How to Use High Beta Stocks to Maximize Your Investing ProfitsCronos Group Inc's Revenues Are Up, Is It Time to Buy?Why Apple Could Be At All-Time Highs By Year EndBeyond Meat Is Not Beyond Hope, And It's Cheap
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