LCI Industries (NYSE:LCII - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,190,000 shares, an increase of 5.8% from the March 15th total of 2,070,000 shares. Approximately 9.0% of the company's stock are short sold. Based on an average trading volume of 237,400 shares, the days-to-cover ratio is currently 9.2 days.
LCI Industries Stock Down 2.5 %
NYSE LCII traded down $2.71 on Tuesday, reaching $105.85. The company had a trading volume of 202,033 shares, compared to its average volume of 233,920. The firm has a market capitalization of $2.69 billion, a PE ratio of 41.84 and a beta of 1.40. LCI Industries has a 1 year low of $104.93 and a 1 year high of $137.07. The firm has a 50-day moving average of $117.33 and a 200-day moving average of $116.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88.
LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.24). LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The company had revenue of $837.54 million during the quarter, compared to the consensus estimate of $835.99 million. During the same quarter in the previous year, the business posted ($0.68) earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that LCI Industries will post 5.71 EPS for the current fiscal year.
LCI Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 3.97%. LCI Industries's dividend payout ratio (DPR) is presently 166.01%.
Wall Street Analyst Weigh In
LCII has been the topic of several recent research reports. Truist Financial reaffirmed a "hold" rating and issued a $110.00 price objective (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Roth Mkm cut their price objective on shares of LCI Industries from $113.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, February 6th. Robert W. Baird lowered their target price on shares of LCI Industries from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. Finally, BMO Capital Markets lowered shares of LCI Industries from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $105.00 to $100.00 in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $104.20.
Check Out Our Latest Report on LCI Industries
Institutional Investors Weigh In On LCI Industries
Several institutional investors have recently made changes to their positions in LCII. Pacer Advisors Inc. increased its position in shares of LCI Industries by 70.9% during the fourth quarter. Pacer Advisors Inc. now owns 824,702 shares of the company's stock valued at $103,673,000 after purchasing an additional 342,165 shares during the period. FMR LLC boosted its stake in LCI Industries by 35.1% in the third quarter. FMR LLC now owns 1,231,852 shares of the company's stock worth $144,644,000 after purchasing an additional 320,243 shares in the last quarter. Norges Bank acquired a new position in LCI Industries in the fourth quarter worth $33,784,000. Franklin Resources Inc. lifted its stake in shares of LCI Industries by 157.3% during the first quarter. Franklin Resources Inc. now owns 378,373 shares of the company's stock valued at $41,572,000 after acquiring an additional 231,338 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of LCI Industries by 23.9% during the first quarter. JPMorgan Chase & Co. now owns 1,194,933 shares of the company's stock valued at $131,287,000 after acquiring an additional 230,682 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.
About LCI Industries
(
Get Free Report)
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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