LPX Crosses Above 200-Day Moving Average, Trading Up 3.5%

Louisiana-Pacific Corp (LPX) shares have crossed above their 200-day moving average of $98.20, trading as high as $101.28 per share, up 3.5% on the day. The stock's 52-week range is $78.82 to $122.87, with a last trade of $99.19. LPX's performance is notable, and the company's dividend history is also worth considering.

Louisiana-Pacific Corporation (LPX) shares have shown significant strength, crossing above their 200-day moving average of $98.20 and trading as high as $101.28 per share, representing a 3.5% increase on the day. This move comes after a period of consolidation, with the stock's 52-week range stretching from $78.82 to $122.87, and a last trade at $99.19. Louisiana-Pacific's performance is notable, and its dividend history adds further appeal for income-focused investors.

Analysts have shown strong interest in LPX, with a consensus rating of "Buy" and an average rating score of 3.00, based on 5 buy ratings, no hold ratings, and no sell ratings [1]. The company's price target is $76.00, indicating a forecasted upside of 36.6% from its current price of $55.63. Louisiana-Pacific has been the subject of 5 research reports in the past 90 days, demonstrating robust analyst interest.

Louisiana-Pacific's dividend yield stands at 1.69%, higher than the bottom 25% of dividend-paying stocks. The company has been increasing its dividend for 5 consecutive years, with a dividend payout ratio of 32.54%, indicating a healthy and sustainable dividend. Analysts expect the company to maintain or increase its dividend next year, with a projected payout ratio of 22.48% [1].

The stock's short interest ratio, or "days to cover," is 2, which is generally considered an acceptable level of short interest relative to trading volume. Short interest in Louisiana-Pacific has decreased by 3.43% recently, suggesting an improvement in investor sentiment [1].

Louisiana-Pacific operates in the construction sector, providing building solutions primarily for new home construction, repair, and remodeling, and outdoor structure markets. The company's products include LP SmartSide trim and siding, LP SmartSide ExpertFinish trim and siding, LP BuilderSeries lap siding, and LP Outdoor Building Solutions. Louisiana-Pacific sells its products to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, Asia, Australia, and Europe [2].

Louisiana-Pacific's strong fundamentals, coupled with its dividend history and analyst support, make it an attractive investment option for investors seeking growth and income. As the stock continues to trade above its 200-day moving average, investors should keep a close eye on the company's earnings growth and dividend sustainability.

References:
[1] https://www.marketbeat.com/stocks/NYSE/LPX/
[2] https://www.marketbeat.com/stocks/NYSE/LPX/