LCI Industries (NYSE:LCII) Announces Dividend Increase – $1.15 Per Share

LCI Industries (NYSE:LCII) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Investors of record on Friday, November 29th will be given a dividend of 1.15 per share on Friday, December 13th. This represents a $4.60 annualized dividend and a dividend yield of 4.03%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05.

LCI Industries has increased its dividend by an average of 14.5% annually over the last three years. LCI Industries has a payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LCI Industries to earn $6.96 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 60.3%.

LCI Industries Stock Down 0.7 %

Shares of NYSE:LCII traded down $0.75 during midday trading on Thursday, hitting $114.16. 160,816 shares of the company’s stock traded hands, compared to its average volume of 227,283. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The company has a market cap of $2.91 billion, a PE ratio of 22.28 and a beta of 1.41. The firm’s fifty day moving average price is $116.88 and its two-hundred day moving average price is $111.69. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 EPS. On average, equities research analysts anticipate that LCI Industries will post 5.65 EPS for the current fiscal year.

Analysts Set New Price Targets

LCII has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Truist Financial lifted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average target price of $112.20.

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.