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LP Building Solutions (LPX) Declares Quarterly Dividend Amid Steady Global Operations
Yahoo Financeยท 2025-11-03 10:32
Core Viewpoint - Louisiana-Pacific Corp (NYSE:LPX) is identified as a stock with significant upside potential, supported by a recent dividend declaration and favorable market conditions following the exit of a competitor [1][2][3]. Group 1: Dividend Declaration - On October 30, Louisiana-Pacific Corp announced a cash dividend of $0.28 per share, scheduled for payment on November 21 to shareholders of record as of November 14 [1]. Group 2: Market Position and Analyst Ratings - DA Davidson reiterated a 'Buy' rating on Louisiana-Pacific Corp on October 10, setting a price target of $117, anticipating that the company will fill a market void left by a competitor's exit [2]. - The closure of Nichicha's primary manufacturing plant is expected to create opportunities for Louisiana-Pacific Corp to capitalize on, as the company is viewed as trading at attractive levels due to its strong margin profile [3]. Group 3: Company Overview - Louisiana-Pacific Corp, based in Nashville, Tennessee, specializes in engineered wood materials for construction, operating over 20 manufacturing plants across the U.S., Canada, Chile, and Brazil [4].