LCI Industries to Issue Quarterly Dividend of $1.15 (NYSE:LCII)

LCI Industries (NYSE:LCII) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders of record on Friday, March 7th will be given a dividend of 1.15 per share on Friday, March 21st. This represents a $4.60 annualized dividend and a dividend yield of 4.22%.

LCI Industries has raised its dividend payment by an average of 7.6% per year over the last three years. LCI Industries has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LCI Industries to earn $7.60 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 60.5%.

LCI Industries Stock Performance

NYSE:LCII opened at $108.96 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm has a market cap of $2.77 billion, a PE ratio of 19.46 and a beta of 1.44. The firm has a 50 day simple moving average of $105.49 and a 200-day simple moving average of $112.81. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities analysts expect that LCI Industries will post 6.76 EPS for the current year.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial increased their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $121.50.

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.