LCI Industries (NYSE:LCII) Short Interest Update

LCI Industries (NYSE:LCII) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,190,000 shares, a growth of 5.8% from the March 15th total of 2,070,000 shares. Approximately 9.0% of the company’s stock are short sold. Based on an average daily volume of 237,400 shares, the days-to-cover ratio is currently 9.2 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on LCII. Robert W. Baird lowered their price target on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Truist Financial reissued a “hold” rating and issued a $110.00 price target (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Roth Mkm lowered their price target on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.20.

LCI Industries Trading Down 2.2 %

Shares of LCI Industries stock opened at $103.55 on Thursday. LCI Industries has a 1 year low of $103.39 and a 1 year high of $137.07. The firm has a market cap of $2.64 billion, a PE ratio of 40.93 and a beta of 1.40. The stock has a fifty day moving average price of $117.11 and a 200-day moving average price of $116.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same period last year, the business posted ($0.68) EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is currently 166.01%.

Institutional Investors Weigh In On LCI Industries

Several large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock worth $103,673,000 after purchasing an additional 342,165 shares during the period. FMR LLC boosted its stake in LCI Industries by 35.1% in the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after purchasing an additional 320,243 shares during the period. Norges Bank bought a new position in LCI Industries in the 4th quarter worth about $33,784,000. Franklin Resources Inc. boosted its stake in LCI Industries by 157.3% in the 1st quarter. Franklin Resources Inc. now owns 378,373 shares of the company’s stock worth $41,572,000 after purchasing an additional 231,338 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in LCI Industries by 23.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,194,933 shares of the company’s stock worth $131,287,000 after purchasing an additional 230,682 shares during the period. Hedge funds and other institutional investors own 99.71% 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.