Investors Purchase High Volume of LCI Industries Call Options (LCII)

LCI Industries (NYSE:LCII) was the target of unusually large options trading on Tuesday. Traders purchased 2,098 call options on the stock. This represents an increase of 3,935% compared to the typical daily volume of 52 call options.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded LCI Industries from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Jefferies Financial Group assumed coverage on LCI Industries in a report on Thursday, March 28th. They issued a “buy” rating and a $86.00 price objective for the company. Finally, ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.80.

LCII opened at $91.11 on Wednesday. The company has a market capitalization of $2.26 billion, a PE ratio of 15.55, a PEG ratio of 0.95 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.97 and a quick ratio of 1.05. LCI Industries has a 52 week low of $59.68 and a 52 week high of $102.22.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, February 7th. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.15). The firm had revenue of $536.62 million during the quarter, compared to analysts’ expectations of $549.39 million. LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, research analysts expect that LCI Industries will post 5.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s payout ratio is presently 40.96%.

In other LCI Industries news, insider Nick C. Fletcher sold 1,688 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total value of $134,314.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of LCI Industries by 1.1% in the fourth quarter. BlackRock Inc. now owns 3,606,789 shares of the company’s stock valued at $240,934,000 after purchasing an additional 38,773 shares during the period. Vanguard Group Inc. grew its position in shares of LCI Industries by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,418,661 shares of the company’s stock valued at $200,265,000 after acquiring an additional 62,253 shares during the period. Vanguard Group Inc grew its position in shares of LCI Industries by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 2,418,661 shares of the company’s stock valued at $200,265,000 after acquiring an additional 62,253 shares during the period. JPMorgan Chase & Co. grew its position in shares of LCI Industries by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,191,611 shares of the company’s stock valued at $98,666,000 after acquiring an additional 113,605 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of LCI Industries by 49.6% during the 4th quarter. Principal Financial Group Inc. now owns 997,780 shares of the company’s stock valued at $66,652,000 after acquiring an additional 330,662 shares during the period. Institutional investors own 97.27% of the company’s stock.

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About LCI Industries

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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