Investors Buy Large Volume of Call Options on LCI Industries (LCII)
LCI Industries (NYSE:LCII) saw some unusual options trading activity on Tuesday. Stock investors bought 2,098 call options on the stock. This represents an increase of approximately 3,935% compared to the typical volume of 52 call options.
In other LCI Industries news, insider Nick C. Fletcher sold 1,688 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $79.57, for a total transaction of $134,314.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in LCII. Parkside Financial Bank & Trust increased its holdings in LCI Industries by 39.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Exane Derivatives bought a new position in LCI Industries during the 4th quarter worth about $37,000. Public Employees Retirement System of Ohio increased its holdings in LCI Industries by 16.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,420 shares of the company’s stock worth $95,000 after purchasing an additional 204 shares in the last quarter. WP Advisors LLC bought a new position in LCI Industries during the 1st quarter worth about $125,000. Finally, Bank of Montreal Can increased its holdings in LCI Industries by 16.9% during the 4th quarter. Bank of Montreal Can now owns 2,771 shares of the company’s stock worth $185,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.
LCI Industries (NYSE:LCII) last released its earnings results on Thursday, February 7th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.15). The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $549.39 million. LCI Industries had a return on equity of 21.05% and a net margin of 6.00%. LCI Industries’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. As a group, sell-side analysts forecast that LCI Industries will post 5.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 40.96%.
LCII has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Jefferies Financial Group initiated coverage on shares of LCI Industries in a research report on Thursday, March 28th. They issued a “buy” rating and a $86.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $99.80.
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About LCI Industries
LCI Industries, along 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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