LCI Industries to Issue Quarterly Dividend of $0.50 (LCII)
LCI Industries (NASDAQ:LCII) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.50 per share on Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, August 16th.
LCI Industries (LCII) traded down 1.14% on Wednesday, hitting $95.75. 4,422 shares of the stock were exchanged. LCI Industries has a 1-year low of $80.65 and a 1-year high of $117.15. The company has a market capitalization of $2.38 billion and a PE ratio of 17.52. The company has a 50-day moving average price of $102.64 and a 200 day moving average price of $101.36.
LCI Industries (NASDAQ:LCII) last announced its earnings results on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The business had revenue of $547 million during the quarter, compared to the consensus estimate of $507.56 million. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. Analysts anticipate that LCI Industries will post $5.83 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Wednesday, July 5th. Citigroup Inc. lowered their target price on shares of LCI Industries from $125.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. Finally, Robert W. Baird began coverage on shares of LCI Industries in a report on Wednesday, May 3rd. They issued an “outperform” rating and a $118.00 price target for the company.
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In other LCI Industries news, Director David A. Reed sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $101.29, for a total value of $202,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nick C. Fletcher sold 1,617 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $105.44, for a total transaction of $170,496.48. The disclosure for this sale can be found here.
LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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