Louisiana-Pacific Co. (NYSE:LPX) declared a quarterly dividend on Thursday, February 14th, Wall Street Journal reports. Shareholders of record on Tuesday, February 26th will be given a dividend of 0.135 per share by the construction company on Wednesday, March 13th. This represents a $0.54 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Monday, February 25th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.13.
Shares of NYSE:LPX traded down $0.06 during trading on Thursday, hitting $24.45. The company’s stock had a trading volume of 2,525,648 shares, compared to its average volume of 1,896,721. The company has a quick ratio of 3.88, a current ratio of 4.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 2.88 and a beta of 1.39. Louisiana-Pacific has a fifty-two week low of $20.39 and a fifty-two week high of $32.16.
Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 13th. The construction company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.07). The firm had revenue of $589.00 million for the quarter, compared to analyst estimates of $606.88 million. Louisiana-Pacific had a return on equity of 22.87% and a net margin of 13.95%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, analysts expect that Louisiana-Pacific will post 1.74 EPS for the current year.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 21st. TD Securities boosted their price target on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, February 14th. Finally, Bank of America cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and reduced their price target for the company from $29.00 to $24.00 in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $29.67.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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