LCI Industries (NYSE:LCII) Short Interest Up 44.3% in March

LCI Industries (NYSE:LCII) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,410,000 shares, an increase of 44.3% from the February 28th total of 1,670,000 shares. Based on an average daily volume of 361,800 shares, the days-to-cover ratio is currently 6.7 days. Approximately 9.9% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LCII shares. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Truist Financial raised their target price on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.50.

LCI Industries Stock Performance

NYSE LCII traded down $4.00 during midday trading on Friday, hitting $87.36. The company had a trading volume of 311,404 shares, compared to its average volume of 258,047. LCI Industries has a fifty-two week low of $86.23 and a fifty-two week high of $129.38. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 15.60 and a beta of 1.45. The firm has a fifty day simple moving average of $100.40 and a two-hundred day simple moving average of $109.31. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is currently 82.14%.

Institutional Investors Weigh In On LCI Industries

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in LCI Industries by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after buying an additional 25,145 shares during the last quarter. Principal Financial Group Inc. increased its stake in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after acquiring an additional 11,286 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of LCI Industries during the 4th quarter worth $266,000. Smartleaf Asset Management LLC boosted its stake in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares in the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after buying an additional 5,303 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.