LCI Industries (LCII) Plans Quarterly Dividend of $0.55

LCI Industries (NYSE:LCII) declared a quarterly dividend on Wednesday, March 7th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.55 per share on Thursday, March 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 15th.

LCI Industries (NYSE:LCII) opened at $109.95 on Wednesday. The firm has a market cap of $2,769.35, a P/E ratio of 20.98 and a beta of 0.98. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.29 and a quick ratio of 0.78.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.09. The business had revenue of $547.14 million during the quarter, compared to analyst estimates of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. The company’s revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. sell-side analysts anticipate that LCI Industries will post 8.1 EPS for the current year.

LCII has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $135.00 price target on shares of LCI Industries in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Northcoast Research initiated coverage on shares of LCI Industries in a research report on Friday, January 26th. They issued a “sell” rating and a $94.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $117.50.

In related news, Director James Gero bought 2,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $112.29 per share, with a total value of $280,725.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.60% of the stock is currently owned by insiders.

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About LCI Industries

LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.

Dividend History for LCI Industries (NYSE:LCII)

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