LCI Industries (NYSE:LCII) Short Interest Up 44.3% in March

LCI Industries (NYSE:LCII - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,410,000 shares, an increase of 44.3% from the February 28th total of 1,670,000 shares. Based on an average daily volume of 361,800 shares, the days-to-cover ratio is currently 6.7 days. Currently, 9.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Monday. CJS Securities upgraded 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. Finally, Truist Financial boosted their price target on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $121.50.

LCI Industries Price Performance

NYSE:LCII traded down $7.38 during trading hours on Thursday, reaching $82.43. 70,866 shares of the company traded hands, compared to its average volume of 366,510. LCI Industries has a 1-year low of $82.19 and a 1-year high of $129.38. The stock has a market cap of $2.10 billion, a P/E ratio of 14.72 and a beta of 1.45. The firm's 50-day moving average is $99.27 and its 200-day moving average is $108.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03.

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LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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%. Equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio is presently 82.14%.

Institutional Trading of LCI Industries

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after purchasing an additional 56,794 shares during the period. Dimensional Fund Advisors LP lifted its position in LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock worth $127,904,000 after buying an additional 87,764 shares during the period. Principal Financial Group Inc. lifted its position in LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after buying an additional 11,286 shares during the period. Victory Capital Management Inc. boosted its stake in LCI Industries by 2.4% in the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after buying an additional 15,057 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in LCI Industries by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company's stock valued at $68,090,000 after buying an additional 1,688 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

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.