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

LCI Industries (NYSE:LCII) announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Friday, May 29th will be paid a dividend of 1.15 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, May 29th.

LCI Industries has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. LCI Industries has a payout ratio of 64.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.7%

Shares of LCI Industries stock traded down $1.89 on Wednesday, reaching $110.53. The company had a trading volume of 59,915 shares, compared to its average volume of 367,580. The firm’s 50 day moving average price is $122.59 and its two-hundred day moving average price is $124.99. 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 52-week low of $84.25 and a 52-week high of $159.66. The firm has a market cap of $2.68 billion, a PE ratio of 13.58 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Truist Financial decreased their target price on LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Roth Mkm raised LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of LCI Industries from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Benchmark reduced their price target on shares of LCI Industries from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $149.29.

LCI Industries Company Profile

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.