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LCI Industries (NYSE:LCII - Get Rating) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,910,000 shares, a drop of 9.9% from the August 15th total of 2,120,000 shares. Currently, 7.8% of the shares of the stock are short sold. Based on an average trading volume of 169,500 shares, the days-to-cover ratio is currently 11.3 days. LCI Industries Stock Up 0.2 %

LCII stock opened at $111.75 on Monday. The stock has a market capitalization of $2.84 billion, a P/E ratio of 5.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 2.66. LCI Industries has a one year low of $96.32 and a one year high of $163.33. The company has a 50 day moving average price of $124.88 and a two-hundred day moving average price of $116.01. LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $4.20 annualized dividend and a yield of 3.76%. LCI Industries's payout ratio is currently 21.56%. Institutional Trading of LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of LCI Industries by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,709,979 shares of the company's stock valued at $281,324,000 after purchasing an additional 14,504 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of LCI Industries by 56.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,117,161 shares of the company's stock valued at $236,868,000 after purchasing an additional 765,835 shares during the last quarter. Parallax Volatility Advisers L.P. acquired a new position in shares of LCI Industries in the 2nd quarter valued at $55,940,000. Geode Capital Management LLC boosted its holdings in shares of LCI Industries by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 412,021 shares of the company's stock valued at $64,221,000 after purchasing an additional 13,098 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of LCI Industries by 0.4% during the 1st quarter. Boston Partners now owns 395,840 shares of the company's stock valued at $41,016,000 after acquiring an additional 1,624 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth

LCII has been the subject of several recent research reports. StockNews.com upgraded shares of LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, August 26th. DA Davidson downgraded shares of LCI Industries to a "neutral" rating in a report on Tuesday, August 9th. Finally, Truist Financial lowered their price target on shares of LCI Industries to $135.00 in a report on Thursday, May 26th.About LCI Industries (Get Rating)

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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.Recommended StoriesGet a free copy of the StockNews.com research report on LCI Industries (LCII)Kroger’s is Your One-Stop Consumer Staples StockAdobe Perfects the Art of the Faceplant for InvestorsTax Credits are the Incentives in the Inflation Reduction Act Stock Market: 3 Islands Of Strength In A Sea Of Red3 Banks Worth Considering For Q4

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