LCI Industries (NYSE:LCII) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,050,000 shares, a decline of 11.8% from the December 15th total of 1,190,000 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average trading volume of 167,700 shares, the short-interest ratio is currently 6.3 days.
In related news, Director David A. Reed sold 3,328 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $95.03, for a total value of $316,259.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evoke Wealth LLC acquired a new position in LCI Industries during the 3rd quarter worth approximately $25,000. Man Group plc increased its position in LCI Industries by 313.1% during the 3rd quarter. Man Group plc now owns 47,898 shares of the company’s stock worth $4,399,000 after purchasing an additional 36,303 shares during the period. Squarepoint Ops LLC increased its position in LCI Industries by 30.2% during the 3rd quarter. Squarepoint Ops LLC now owns 21,428 shares of the company’s stock worth $1,968,000 after purchasing an additional 4,975 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of LCI Industries during the 3rd quarter worth approximately $432,000. Finally, Barclays PLC boosted its stake in shares of LCI Industries by 12.8% during the 3rd quarter. Barclays PLC now owns 44,505 shares of the company’s stock worth $4,088,000 after acquiring an additional 5,034 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.
NYSE LCII traded up $0.04 on Tuesday, hitting $107.84. 148,000 shares of the company’s stock were exchanged, compared to its average volume of 113,500. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.27 and a quick ratio of 0.96. The firm’s 50-day moving average price is $105.96 and its two-hundred day moving average price is $95.79. LCI Industries has a fifty-two week low of $69.16 and a fifty-two week high of $109.79. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.02 and a beta of 1.43.
LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The company had revenue of $586.20 million for the quarter, compared to analysts’ expectations of $578.87 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. On average, research analysts predict that LCI Industries will post 5.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, December 5th. LCI Industries’s payout ratio is 44.37%.
Several equities analysts recently issued reports on LCII shares. Sidoti cut LCI Industries from a “buy” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $108.00 in a research report on Thursday, October 31st. ValuEngine cut LCI Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Citigroup boosted their target price on LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $105.75.
About LCI Industries
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 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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