LCI Industries (NYSE:LCII) Director Brendan Deely sold 6,250 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.37, for a total value of $796,062.50. Following the completion of the transaction, the director now owns 11,053 shares of the company’s stock, valued at approximately $1,407,820.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of LCI Industries stock traded down $2.35 on Wednesday, reaching $105.36. The stock had a trading volume of 2,181 shares, compared to its average volume of 139,632. The business’s 50 day moving average is $117.82 and its two-hundred day moving average is $100.00. The company has a current ratio of 2.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.83. LCI Industries has a 1 year low of $55.29 and a 1 year high of $131.71. The company has a market cap of $2.71 billion, a P/E ratio of 25.65 and a beta of 1.63.
LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.40. The business had revenue of $525.80 million for the quarter, compared to analyst estimates of $523.45 million. LCI Industries had a net margin of 4.54% and a return on equity of 13.89%. LCI Industries’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, equities analysts anticipate that LCI Industries will post 5.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, September 3rd. This is a positive change from LCI Industries’s previous quarterly dividend of $0.65. LCI Industries’s dividend payout ratio is 51.37%.
A number of research analysts have issued reports on the company. TheStreet upgraded LCI Industries from a “c” rating to a “b-” rating in a research note on Wednesday, May 27th. CL King increased their price target on LCI Industries from $121.00 to $134.00 in a research note on Wednesday, July 15th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Citigroup increased their price target on LCI Industries from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $112.50.
A number of institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC increased its holdings in LCI Industries by 0.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,388,311 shares of the company’s stock worth $159,472,000 after acquiring an additional 11,867 shares during the period. JPMorgan Chase & Co. increased its holdings in LCI Industries by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,320,457 shares of the company’s stock worth $88,246,000 after acquiring an additional 41,181 shares during the period. Principal Financial Group Inc. increased its holdings in LCI Industries by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,047,100 shares of the company’s stock worth $69,973,000 after acquiring an additional 37,690 shares during the period. State Street Corp increased its holdings in LCI Industries by 6.4% during the 1st quarter. State Street Corp now owns 746,033 shares of the company’s stock worth $49,857,000 after acquiring an additional 45,064 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in LCI Industries by 12.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 363,067 shares of the company’s stock worth $41,745,000 after acquiring an additional 38,773 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.
LCI Industries Company Profile
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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