LCI Industries (NYSE:LCII) Short Interest Update

LCI Industries (NYSE:LCII) was the recipient of a significant increase in short interest in the month of 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 trading volume of 237,400 shares, the short-interest ratio is currently 9.2 days. Currently, 9.0% of the company’s shares are sold short.

Institutional Investors Weigh In On LCI Industries

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of LCI Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock valued at $350,129,000 after acquiring an additional 12,018 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in LCI Industries by 9.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,404,644 shares of the company’s stock worth $264,198,000 after purchasing an additional 206,194 shares during the last quarter. FMR LLC raised its position in LCI Industries by 35.1% during the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after purchasing an additional 320,243 shares during the last quarter. JPMorgan Chase & Co. raised its position in LCI Industries by 23.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,194,933 shares of the company’s stock worth $131,287,000 after purchasing an additional 230,682 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in LCI Industries by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,049,513 shares of the company’s stock worth $131,940,000 after purchasing an additional 4,161 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

NYSE:LCII traded down $2.71 during trading hours on Wednesday, reaching $105.85. 202,041 shares of the company were exchanged, compared to its average volume of 170,564. The company has a market capitalization of $2.69 billion, a P/E ratio of 41.84 and a beta of 1.40. LCI Industries has a 1-year low of $104.93 and a 1-year high of $137.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88. The business has a 50 day moving average of $117.33 and a 200 day moving average of $116.41.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The business had revenue of $837.54 million during the quarter, compared to analyst estimates of $835.99 million. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.68) EPS. Research analysts forecast that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is 166.01%.

Analyst Ratings Changes

LCII has been the subject of several recent research reports. Roth Mkm reduced their price objective on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Robert W. Baird reduced their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. BMO Capital Markets cut LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Finally, Truist Financial reaffirmed a “hold” rating and set a $110.00 price objective (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.20.

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.