LCI Industries (NYSE:LCII) Announces Earnings Results

LCI Industries (NYSE:LCII) issued its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06, Zacks reports. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%.

LCI Industries Price Performance

Shares of LCII opened at $107.94 on Wednesday. The firm has a market capitalization of $2.75 billion, a PE ratio of 21.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The company’s fifty day moving average price is $106.70 and its 200-day moving average price is $113.02.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.26%. LCI Industries’s payout ratio is 89.49%.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of research analyst reports. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Wednesday. Finally, Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.20.

Insider Activity

In related news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

About LCI Industries

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.