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

LCI Industries (NYSE:LCII) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,410,000 shares, a growth 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 sold short.

LCI Industries Price Performance

Shares of LCII traded up $0.08 during trading hours on Monday, hitting $87.48. 430,685 shares of the stock were exchanged, compared to its average volume of 258,735. The stock’s 50-day moving average price is $100.40 and its two-hundred day moving average price is $109.29. LCI Industries has a 12-month low of $85.67 and a 12-month high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 15.62 and a beta of 1.45.

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, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Research analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Institutional Trading of LCI Industries

Several hedge funds have recently made changes to their positions in LCII. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in LCI Industries by 17.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company’s stock valued at $7,149,000 after acquiring an additional 10,498 shares during the last quarter. Sovereign s Capital Management LLC purchased a new position in shares of LCI Industries during the 4th quarter worth $3,152,000. Twinbeech Capital LP acquired a new stake in shares of LCI Industries during the 4th quarter worth about $5,065,000. Tidal Investments LLC raised its holdings in LCI Industries by 4.8% in the 4th quarter. Tidal Investments LLC now owns 9,853 shares of the company’s stock valued at $1,019,000 after buying an additional 451 shares during the period. Finally, Stadium Capital Management LLC lifted its position in LCI Industries by 250.2% in the fourth quarter. Stadium Capital Management LLC now owns 70,069 shares of the company’s stock valued at $7,244,000 after buying an additional 50,058 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LCII. CJS Securities upgraded 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 research report on Wednesday, February 12th. Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.50.

About LCI Industries

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.