Louisiana-Pacific Corporation (LPX) to Distribute Quarterly Dividend of $0.30 on December 4th

Louisiana-Pacific Corporation (NYSE:LPX) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 20th will be given a dividend of $0.30 per share by the building manufacturing company on Friday, December 4th. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 20th.

Louisiana-Pacific has raised 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. Equities research analysts expect Louisiana-Pacific to earn $2.63 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 45.6%.

Louisiana-Pacific Stock Down 1.9%

LPX stock opened at $75.53 on Friday. Louisiana-Pacific has a fifty-two week low of $62.18 and a fifty-two week high of $100.34. The company has a market cap of $5.28 billion, a P/E ratio of 77.07, a price-to-earnings-growth ratio of 5.88 and a beta of 1.67. The stock’s 50 day simple moving average is $68.88 and its 200 day simple moving average is $75.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The company had revenue of $691.00 million during the quarter, compared to analyst estimates of $671.27 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Louisiana-Pacific will post 1.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of Louisiana-Pacific by 21.7% in the third quarter. Russell Investments Group Ltd. now owns 201,348 shares of the building manufacturing company’s stock worth $12,999,000 after acquiring an additional 35,898 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter worth $338,000. Retirement Systems of Alabama lifted its stake in Louisiana-Pacific by 0.9% during the third quarter. Retirement Systems of Alabama now owns 66,352 shares of the building manufacturing company’s stock worth $4,283,000 after purchasing an additional 595 shares during the period. Fulcrum Asset Management LLP raised its position in Louisiana-Pacific by 202.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,822 shares of the building manufacturing company’s stock valued at $120,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Ethic Inc. lifted its position in Louisiana-Pacific by 160.9% during the 3rd quarter. Ethic Inc. now owns 11,300 shares of the building manufacturing company’s stock valued at $729,000 after purchasing an additional 6,969 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.