LCI Industries (NYSE:LCII) Short Interest Update

LCI Industries (NYSE:LCII) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,190,000 shares, an increase of 5.8% from the March 15th total of 2,070,000 shares. Based on an average daily volume of 237,400 shares, the days-to-cover ratio is currently 9.2 days. Currently, 9.0% of the shares of the company are short sold.

LCI Industries Stock Down 2.2 %

LCI Industries stock opened at $103.55 on Thursday. The stock has a market cap of $2.64 billion, a PE ratio of 40.93 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. LCI Industries has a one year low of $103.39 and a one year high of $137.07. The stock has a fifty day moving average of $117.11 and a 200 day moving average of $116.24.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.68) EPS. As a group, sell-side analysts predict that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Thursday, March 7th. LCI Industries’s payout ratio is 166.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $105.00 to $100.00 in a report on Monday, January 22nd. Roth Mkm lowered their price target on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Finally, Robert W. Baird lowered their price target on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.20.

Institutional Trading of LCI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in LCI Industries by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after buying an additional 92 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of LCI Industries by 3.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,469 shares of the company’s stock worth $290,000 after purchasing an additional 93 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of LCI Industries by 2.8% during the first quarter. Raymond James Trust N.A. now owns 3,427 shares of the company’s stock worth $355,000 after purchasing an additional 94 shares in the last quarter. Arizona State Retirement System grew its position in shares of LCI Industries by 1.4% during the third quarter. Arizona State Retirement System now owns 7,203 shares of the company’s stock worth $846,000 after purchasing an additional 97 shares in the last quarter. Finally, Advisor OS LLC grew its position in shares of LCI Industries by 5.1% during the third quarter. Advisor OS LLC now owns 2,167 shares of the company’s stock worth $255,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors 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.