LCI Industries (NYSE:LCII) Trading 4.9% Higher After Strong Earnings

LCI Industries (NYSE:LCII) rose 4.9% during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $107.85 and last traded at $106.99. Approximately 88,733 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 233,382 shares. The stock had previously closed at $101.98.

The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%.

LCI Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 4.33%. LCI Industries’s dividend payout ratio (DPR) is 89.49%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LCII. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial lifted their target price on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, LCI Industries presently has a consensus rating of “Moderate Buy” and an average target price of $115.25.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated 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 sale, the chief executive officer now owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by company insiders.

Institutional Trading of LCI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC increased its position in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares during the period. Blue Trust Inc. increased its position in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries in the 3rd quarter valued at about $49,000. Finally, GAMMA Investing LLC boosted its stake in shares of LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

The company has a 50 day moving average price of $107.09 and a 200 day moving average price of $113.09. The firm has a market cap of $2.71 billion, a PE ratio of 20.71 and a beta of 1.44. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

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.