Louisiana-Pacific Corporation (LPX) To Go Ex-Dividend on February 27th

Louisiana-Pacific Corporation (NYSE:LPX) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.30 per share by the building manufacturing company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a 7.1% increase from Louisiana-Pacific’s previous quarterly dividend of $0.28.

Louisiana-Pacific has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Louisiana-Pacific has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Louisiana-Pacific to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 17.2%.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $2.75 during mid-day trading on Wednesday, hitting $82.54. The stock had a trading volume of 914,842 shares, compared to its average volume of 1,242,906. The firm has a market cap of $5.76 billion, a PE ratio of 39.51 and a beta of 1.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. The company has a 50 day moving average of $87.92 and a two-hundred day moving average of $88.25. Louisiana-Pacific has a twelve month low of $73.42 and a twelve month high of $103.25.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business had revenue of $567.00 million during the quarter, compared to analysts’ expectations of $589.96 million. During the same period in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. Research analysts predict that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director F Nicholas Grasberger III bought 20,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of $85.49 per share, with a total value of $1,709,800.00. Following the completion of the purchase, the director owned 38,954 shares in the company, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William Bradley Southern sold 55,346 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the completion of the transaction, the chief executive officer owned 503,381 shares in the company, valued at approximately $46,139,902.46. This represents a 9.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 155,842 shares of company stock worth $13,912,978 in the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in shares of Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Louisiana-Pacific by 4.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock valued at $279,000 after acquiring an additional 136 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in Louisiana-Pacific by 1.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock worth $1,024,000 after acquiring an additional 166 shares during the last quarter. WINTON GROUP Ltd grew its position in Louisiana-Pacific by 2.7% in the 3rd quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after purchasing an additional 183 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Louisiana-Pacific by 1.1% during the third quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the building manufacturing company’s stock worth $1,564,000 after acquiring an additional 200 shares during the period. Institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

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.