Investors Buy Large Volume of Call Options on LCI Industries (LCII)

LCI Industries (NYSE:LCII) was the target of unusually large options trading on Tuesday. Traders bought 2,098 call options on the company. This represents an increase of 3,935% compared to the typical daily volume of 52 call options.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded LCI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Jefferies Financial Group assumed coverage on LCI Industries in a research note on Thursday, March 28th. They issued a “buy” rating and a $86.00 price objective on the stock. Finally, ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.80.

LCI Industries stock opened at $91.11 on Wednesday. LCI Industries has a 52 week low of $59.68 and a 52 week high of $102.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 2.97. The stock has a market capitalization of $2.26 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.95 and a beta of 1.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.15). LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $549.39 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. Analysts anticipate that LCI Industries will post 5.94 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.40 annualized dividend and a yield of 2.63%. LCI Industries’s dividend payout ratio is 40.96%.

In other news, insider Nick C. Fletcher sold 1,688 shares of LCI Industries stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total value of $134,314.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its stake in LCI Industries by 39.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock valued at $36,000 after acquiring an additional 154 shares during the period. Exane Derivatives bought a new position in LCI Industries during the fourth quarter valued at about $37,000. Public Employees Retirement System of Ohio increased its stake in LCI Industries by 16.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,420 shares of the company’s stock valued at $95,000 after acquiring an additional 204 shares during the period. WP Advisors LLC bought a new position in LCI Industries during the first quarter valued at about $125,000. Finally, Bank of Montreal Can increased its stake in LCI Industries by 16.9% during the fourth quarter. Bank of Montreal Can now owns 2,771 shares of the company’s stock valued at $185,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.

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LCI Industries Company Profile

LCI Industries, along 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 or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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