LCI Industries (NYSE:LCII) Issues Quarterly Earnings Results

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

LCI Industries Stock Performance

LCI Industries stock opened at $101.69 on Tuesday. The company’s 50-day moving average price is $107.09 and its 200-day moving average price is $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 company has a market cap of $2.59 billion, a PE 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 firm also recently disclosed 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 was Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 4.52%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is 89.49%.

Insider Activity at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries 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 of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on LCII. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.25.

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.