LCI Industries (LCII) to Issue Quarterly Dividend of $1.05 on March 22nd

LCI Industries (NYSE:LCIIGet Free Report) declared a quarterly dividend on Tuesday, February 20th, Zacks reports. Shareholders of record on Friday, March 8th will be paid a dividend of 1.05 per share on Friday, March 22nd. This represents a $4.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, March 7th.

LCI Industries has raised its dividend by an average of 14.5% annually over the last three years. LCI Industries has a dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LCI Industries to earn $7.23 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 58.1%.

LCI Industries Price Performance

Shares of NYSE LCII opened at $126.20 on Tuesday. The business’s 50 day moving average price is $119.66 and its two-hundred day moving average price is $117.65. The company has a market cap of $3.20 billion, a PE ratio of 49.88 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. LCI Industries has a twelve month low of $100.25 and a twelve month high of $137.07.

LCI Industries (NYSE:LCIIGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The business had revenue of $837.54 million for the quarter, compared to analyst estimates of $835.99 million. During the same period last year, the firm earned ($0.68) EPS. LCI Industries’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that LCI Industries will post 5.71 EPS for the current year.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. boosted its stake in shares of LCI Industries by 2.8% in the first quarter. Raymond James Trust N.A. now owns 3,427 shares of the company’s stock valued at $355,000 after buying an additional 94 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of LCI Industries by 5.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 2,380 shares of the company’s stock valued at $301,000 after acquiring an additional 113 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of LCI Industries by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,961 shares of the company’s stock valued at $921,000 after acquiring an additional 147 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of LCI Industries by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,573 shares of the company’s stock valued at $323,000 after acquiring an additional 165 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of LCI Industries by 0.5% during the 3rd quarter. Alliancebernstein L.P. now owns 36,783 shares of the company’s stock valued at $3,732,000 after acquiring an additional 177 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LCII. TheStreet downgraded LCI Industries from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Truist Financial reaffirmed a “hold” rating and issued a $110.00 target price (down previously from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Robert W. Baird decreased their target price on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Finally, Roth Mkm cut their price target on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $104.20.

View Our Latest Stock Report on LCII

About LCI Industries

(Get Free Report)

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.

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Dividend History for LCI Industries (NYSE:LCII)

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