LCI Industries (NYSE:LCII) declared a quarterly dividend on Friday, May 25th, Wall Street Journal reports. Shareholders of record on Monday, June 4th will be paid a dividend of 0.60 per share on Friday, June 15th. This represents a $2.40 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, June 1st. This is a boost from LCI Industries’s previous quarterly dividend of $0.55.
LCI Industries traded up $0.15, hitting $87.80, during trading hours on Friday, MarketBeat reports. The stock had a trading volume of 105,512 shares, compared to its average volume of 194,761. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 1.07. LCI Industries has a one year low of $85.66 and a one year high of $132.73. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05.
LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Friday, May 4th. The company reported $1.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.09). The firm had revenue of $650.00 million during the quarter, compared to the consensus estimate of $655.29 million. LCI Industries had a net margin of 5.96% and a return on equity of 23.14%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 earnings per share. equities research analysts expect that LCI Industries will post 7.63 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 9th. Robert W. Baird lowered their price objective on shares of LCI Industries to $135.00 and set an “outperform” rating on the stock in a research report on Monday, May 7th. Finally, Northcoast Research upgraded shares of LCI Industries from a “sell” rating to a “neutral” rating and set a $94.00 price objective on the stock in a research report on Wednesday, May 2nd.
In other LCI Industries news, Director Virginia Henkels bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were bought at an average price of $88.55 per share, for a total transaction of $177,100.00. Following the transaction, the director now directly owns 3,156 shares in the company, valued at $279,463.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Gero bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was acquired at an average price of $102.09 per share, for a total transaction of $1,020,900.00. Following the transaction, the director now owns 252,049 shares in the company, valued at $25,731,682.41. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 24,500 shares of company stock worth $2,372,125. Corporate insiders own 3.60% of the company’s stock.
LCI Industries Company Profile
LCI Industries, along 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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