LCI Industries (NYSE:LCII) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.65 per share on Friday, December 20th. This represents a $2.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, December 5th.
Shares of LCI Industries stock opened at $105.17 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The business’s 50 day simple moving average is $101.64 and its 200-day simple moving average is $92.03. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.15 and a beta of 1.43. LCI Industries has a twelve month low of $59.68 and a twelve month high of $108.55.
LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, November 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. The business had revenue of $586.20 million during the quarter, compared to analyst estimates of $578.87 million. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. Sell-side analysts predict that LCI Industries will post 5.79 earnings per share for the current year.
Several brokerages have recently issued reports on LCII. Citigroup boosted their price target on shares of LCI Industries from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, September 23rd. ValuEngine raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Sidoti downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $108.00 in a research report on Thursday, October 31st. Finally, Zacks Investment Research lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $105.75.
In other LCI Industries news, Director David A. Reed sold 3,328 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $95.03, for a total transaction of $316,259.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Reed sold 5,714 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.06, for a total transaction of $543,172.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,542 shares of company stock valued at $906,943. Insiders own 3.30% of the company’s stock.
About LCI Industries
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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