LCI Industries (NYSE:LCII – Get Rating) – Equities research analysts at DA Davidson issued their Q3 2022 earnings per share (EPS) estimates for LCI Industries in a research note issued to investors on Wednesday, August 3rd. DA Davidson analyst B. Rolle anticipates that the company will earn $2.38 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $131.00 target price on the stock. The consensus estimate for LCI Industries’ current full-year earnings is $18.61 per share. DA Davidson also issued estimates for LCI Industries’ FY2022 earnings at $18.60 EPS.
LCI Industries (NYSE:LCII – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $3.23. LCI Industries had a return on equity of 41.58% and a net margin of 8.93%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The firm’s revenue was up 64.4% compared to the same quarter last year.
LCI Industries Stock Performance
LCI Industries stock opened at $129.32 on Friday. The company has a market capitalization of $3.29 billion, a P/E ratio of 6.64 and a beta of 1.44. The business has a 50 day moving average of $118.75 and a 200-day moving average of $115.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.66 and a quick ratio of 0.93. LCI Industries has a 1 year low of $96.32 and a 1 year high of $163.33.
Hedge Funds Weigh In On LCI Industries
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of LCI Industries by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,709,979 shares of the company’s stock worth $281,324,000 after purchasing an additional 14,504 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of LCI Industries by 2,151.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,770 shares of the company’s stock worth $199,791,000 after purchasing an additional 1,224,836 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of LCI Industries by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 669,782 shares of the company’s stock worth $104,399,000 after purchasing an additional 11,845 shares in the last quarter. Jarislowsky Fraser Ltd lifted its holdings in shares of LCI Industries by 13.2% in the 4th quarter. Jarislowsky Fraser Ltd now owns 617,535 shares of the company’s stock worth $96,255,000 after purchasing an additional 72,043 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of LCI Industries by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 412,021 shares of the company’s stock worth $64,221,000 after purchasing an additional 13,098 shares in the last quarter. 97.77% of the stock is currently owned by institutional investors.
Insider Transactions at LCI Industries
In other news, EVP Nick C. Fletcher sold 3,597 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $117.45, for a total transaction of $422,467.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.
LCI Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were given a dividend of $1.05 per share. This is an increase from LCI Industries’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $4.20 annualized dividend and a dividend yield of 3.25%. LCI Industries’s dividend payout ratio (DPR) is 21.56%.
LCI Industries Company Profile
LCI Industries, together 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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.
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