LCI Industries (NYSE:LCII) Declares $1.15 Quarterly Dividend

LCI Industries (NYSE:LCII - Get Free Report) declared 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 4.38%. The ex-dividend date is Friday, March 7th.

LCI Industries has increased its dividend by an average of 7.6% per year over the last three years. LCI Industries has a payout ratio of 60.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of LCII traded down $2.01 during trading hours on Friday, hitting $105.05. 276,654 shares of the company were exchanged, compared to its average volume of 269,390. 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 company has a market capitalization of $2.67 billion, a PE ratio of 18.76 and a beta of 1.44. The firm has a fifty day simple moving average of $105.06 and a 200-day simple moving average of $112.78. LCI Industries has a one year low of $96.18 and a one year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on LCII. Truist Financial lifted their target price on shares of 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 lowered 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 note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $121.50.

Insider Transactions at LCI Industries

In related 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 transaction, the chief executive officer now directly owns 373,145 shares of the company's stock, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.50% of the stock is owned by insiders.

About LCI Industries

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.