LCI Industries (NYSE:LCII) Short Interest Update

LCI Industries (NYSE:LCII) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 1,816,500 shares, a drop of 11.0% from the June 30th total of 2,040,200 shares. Approximately 7.7% of the shares of the company are short sold. Based on an average trading volume of 175,100 shares, the days-to-cover ratio is currently 10.4 days.

NYSE:LCII traded up $2.90 during midday trading on Friday, reaching $85.72. 288,500 shares of the company traded hands, compared to its average volume of 198,934. LCI Industries has a twelve month low of $59.68 and a twelve month high of $99.05. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.44 and a quick ratio of 1.08. The company has a fifty day moving average price of $89.80 and a 200 day moving average price of $86.18.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. LCI Industries had a return on equity of 18.72% and a net margin of 5.75%. The business had revenue of $629.10 million during the quarter, compared to analyst estimates of $643.70 million. During the same quarter in the previous year, the firm posted $1.86 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities research analysts forecast that LCI Industries will post 5.72 earnings per share for the current fiscal year.

A number of research firms recently issued reports on LCII. CL King lowered LCI Industries from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Northcoast Research began coverage on LCI Industries in a research report on Friday, June 14th. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. LCI Industries has a consensus rating of “Hold” and a consensus price target of $98.75.

A number of large investors have recently added to or reduced their stakes in LCII. Norges Bank acquired a new position in LCI Industries during the 4th quarter worth $16,116,000. Nuveen Asset Management LLC acquired a new position in LCI Industries during the 2nd quarter worth $9,061,000. Morgan Stanley boosted its position in LCI Industries by 264.9% during the 2nd quarter. Morgan Stanley now owns 132,258 shares of the company’s stock worth $11,903,000 after acquiring an additional 96,017 shares during the period. Principal Financial Group Inc. boosted its position in LCI Industries by 6.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,059,686 shares of the company’s stock worth $81,404,000 after acquiring an additional 61,906 shares during the period. Finally, BlackRock Inc. boosted its position in LCI Industries by 1.1% during the 2nd quarter. BlackRock Inc. now owns 3,640,224 shares of the company’s stock worth $327,621,000 after acquiring an additional 39,933 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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