LP Building Solutions (LPX) Declares Quarterly Dividend Amid Steady Global Operations
Louisiana-Pacific Corp (NYSE:LPX) is one of billionaire Daniel Sundheim’s stock picks with huge upside potential. On October 30, Louisiana-Pacific Corp (NYSE:LPX) said it will pay a cash dividend of $0.28 per share to its common shareholders. The payment is scheduled for November 21, to shareholders of record as of November 14.
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Earlier on October 10, DA Davidson reiterated a ‘Buy’ rating on Louisiana-Pacific Corp (NYSE:LPX) and a $117 price target. The positive stance comes as the research firm expects the company to fill the market void left by the exit of a small fiber-cement player.
Nichicha is poised to close its primary manufacturing plant that produces residential lap, panel, trim, and shake products. According to the research firm, the closure should create a void that Louisiana-Pacific Corp can capitalize on. Additionally, the research believes the shares are trading at attractive levels given the business’s strong margin profile. It also echoed the durable above-market growth profile as one factor that affirms why the stock is a buy at current levels.
Based in Nashville, Tennessee, LP Building Solutions (NYSE:LPX) makes engineered wood materials used in construction, such as siding and structural panels. The company runs over 20 manufacturing plants across the U.S., Canada, Chile, and Brazil. Founded in 1972 and previously known as Louisiana-Pacific Corporation, LP trades on the New York Stock Exchange under the symbol LPX.
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Disclosure: None. This article is originally published at Insider Monkey.
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