LCI Industries (NYSE:LCII) Issues Quarterly Earnings Results

LCI Industries (NYSE:LCII) posted its earnings results on Tuesday. The company reported $0.37 earnings per share (EPS) 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 $101.69 on Tuesday. The company has a 50 day moving average of $107.09 and a 200-day moving average of $113.09. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.59 billion, a P/E ratio of 19.78 and a beta of 1.44. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38.

LCI Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.52%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio is 89.49%.

Insider Buying and Selling

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LCII shares. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial increased their price objective on shares of 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 three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.25.

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.