LCI Industries to Issue Quarterly Dividend of $1.15 (NYSE:LCII)

LCI Industries (NYSE:LCII) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 29th will be given a dividend of 1.15 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, May 29th.

LCI Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. LCI Industries has a payout ratio of 64.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LCI Industries to earn $10.28 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 44.7%.

LCI Industries Stock Down 1.1%

Shares of NYSE:LCII traded down $1.28 during trading on Wednesday, hitting $111.15. The company’s stock had a trading volume of 65,756 shares, compared to its average volume of 367,666. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. LCI Industries has a fifty-two week low of $84.25 and a fifty-two week high of $159.66. The stock’s 50-day moving average price is $122.59 and its two-hundred day moving average price is $124.99. The company has a market capitalization of $2.70 billion, a PE ratio of 13.65 and a beta of 1.21.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $2.19 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, sell-side analysts expect that LCI Industries will post 8.95 EPS for the current year.

Insider Activity

In related news, CEO Jason Lippert sold 30,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $145.03, for a total value of $4,350,900.00. Following the completion of the transaction, the chief executive officer directly owned 344,973 shares of the company’s stock, valued at $50,031,434.19. This represents a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jamie Schnur sold 10,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $144.66, for a total value of $1,446,600.00. Following the completion of the transaction, the insider directly owned 19,420 shares of the company’s stock, valued at $2,809,297.20. This trade represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 90,000 shares of company stock valued at $13,137,900. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCII. AQR Capital Management LLC bought a new position in LCI Industries in the 1st quarter worth approximately $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LCI Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock valued at $1,290,000 after purchasing an additional 643 shares in the last quarter. Empowered Funds LLC bought a new position in LCI Industries during the 1st quarter valued at $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in LCI Industries by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after purchasing an additional 7,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in LCI Industries during the 2nd quarter valued at $1,542,000. 99.71% of the stock is owned by institutional investors.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.