Louisiana-Pacific Co. (LPX) to Issue Quarterly Dividend of $0.13

Louisiana-Pacific Co. (NYSE:LPX) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Investors of record on Monday, February 26th will be paid a dividend of 0.13 per share by the construction company on Tuesday, March 13th. This represents a $0.52 annualized dividend and a yield of 1.72%.

Shares of Louisiana-Pacific (LPX) traded up $1.82 during midday trading on Tuesday, reaching $30.26. The company had a trading volume of 906,420 shares, compared to its average volume of 1,655,579. The company has a quick ratio of 4.31, a current ratio of 5.25 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4,280.00, a PE ratio of 14.20, a PEG ratio of 2.65 and a beta of 1.62. Louisiana-Pacific has a 1 year low of $22.07 and a 1 year high of $31.07.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.15. The firm had revenue of $710.60 million for the quarter, compared to analyst estimates of $654.26 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. sell-side analysts forecast that Louisiana-Pacific will post 2.21 earnings per share for the current fiscal year.

LPX has been the topic of several research analyst reports. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, October 18th. Stephens initiated coverage on Louisiana-Pacific in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and issued a $37.00 price objective on shares of Louisiana-Pacific in a research note on Monday, October 30th. Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

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About Louisiana-Pacific

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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