Short Interest in LCI Industries (NYSE:LCII) Expands By 44.3%

LCI Industries (NYSE:LCII) was the target of a significant increase in short interest in 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 trading volume of 361,800 shares, the days-to-cover ratio is currently 6.7 days. Currently, 9.9% of the company’s stock are short sold.

Institutional Trading of LCI Industries

Several large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings 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 worth $45,122,000 after acquiring an additional 25,145 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after purchasing an additional 11,286 shares in the last quarter. CIBC Asset Management Inc bought a new stake in LCI Industries in the 4th quarter worth approximately $266,000. Smartleaf Asset Management LLC increased its position in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after acquiring an additional 5,303 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Trading Down 4.4 %

NYSE:LCII traded down $4.00 during mid-day trading on Friday, reaching $87.36. 311,404 shares of the company’s stock traded hands, compared to its average volume of 258,047. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.60 and a beta of 1.45. The company has a 50 day moving average price of $100.40 and a 200-day moving average price of $109.31. LCI Industries has a 12-month low of $86.23 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports 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. 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. Finally, Truist Financial increased their target price on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.50.

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.