LCI Industries (NYSE:LCII) Trading Up 4.4% on Earnings Beat

LCI Industries (NYSE:LCII - Get Free Report)'s stock price shot up 4.4% on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $83.05 and last traded at $82.20. 73,669 shares were traded during trading, a decline of 75% from the average session volume of 294,958 shares. The stock had previously closed at $78.73.

The company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.63. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird reissued a "neutral" rating and issued a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Finally, Truist Financial dropped their target price on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.60.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LCII. Strategic Financial Concepts LLC bought a new position in LCI Industries in the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in shares of LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after buying an additional 247 shares in the last quarter. LRI Investments LLC raised its holdings in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after acquiring an additional 311 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after acquiring an additional 439 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in LCI Industries during the 3rd quarter valued at about $49,000. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

The firm's fifty day moving average price is $85.49 and its 200 day moving average price is $101.56. The firm has a market cap of $2.07 billion, a P/E ratio of 14.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.

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