LCI Industries to Issue Quarterly Dividend of $0.50 (LCII)
LCI Industries (NASDAQ:LCII) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, August 18th will be given a dividend of 0.50 per share on Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, August 16th.
LCI Industries (LCII) traded down 3.15% on Tuesday, hitting $96.85. 167,365 shares of the company’s stock traded hands. The stock has a market cap of $2.41 billion and a P/E ratio of 17.72. The stock has a 50 day moving average price of $102.28 and a 200-day moving average price of $101.32. LCI Industries has a 12 month low of $80.65 and a 12 month high of $117.15.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $547 million for the quarter, compared to analysts’ expectations of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities analysts predict that LCI Industries will post $5.83 earnings per share for the current fiscal year.
In related news, Director David A. Reed sold 2,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $101.29, for a total transaction of $202,580.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nick C. Fletcher sold 1,617 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $105.44, for a total value of $170,496.48. The disclosure for this sale can be found here.
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Several brokerages have recently issued reports on LCII. Citigroup Inc. decreased their price objective on LCI Industries from $125.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Zacks Investment Research raised LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Wednesday, July 5th. Finally, Robert W. Baird began coverage on LCI Industries in a report on Wednesday, May 3rd. They set an “outperform” rating and a $118.00 price objective on the stock.
LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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