LCI Industries (NYSE:LCII) Increases Dividend to $1.15 Per Share

LCI Industries (NYSE:LCII) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05.

LCI Industries has raised its dividend by an average of 14.5% annually over the last three years. LCI Industries has a payout ratio of 67.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LCI Industries to earn $6.78 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 67.8%.

LCI Industries Stock Down 2.8 %

Shares of LCI Industries stock opened at $123.18 on Wednesday. The stock’s fifty day moving average is $117.58 and its 200-day moving average is $112.36. The firm has a market capitalization of $3.14 billion, a PE ratio of 23.97 and a beta of 1.41. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share. Equities analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on LCII shares. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James assumed coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Finally, Truist Financial upped their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, LCI Industries presently has an average rating of “Hold” and a consensus price target 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.