59.5 F
New York
Thursday, November 26, 2020

LCI Industries’ [NYSE: LCII] Subsidiary Lippert Components Acquires Challenger Door

Must read

Verizon [NYSE: VZ] Announced to acquire Tracfone for $6.25 billion.

Verizon Communication Inc. declared that it penned down a deal with America Movil to purchase Tracfone for $6.25B. The companies came to terms...

ViacomCBS [NASDAQ: VIAC] Agreed To Sell Simon And Schuster For $2.175 Billion In Cash

ViacomCBS Inc. declared that it entered into an agreement with Penguin Random House LCC to sell Simon and Schuster. It will be sold...

IBM [NYSE: IBM] Plans To Cut Down 20% Of Its Workforce

International business machines Corp. declared that the company is preparing to cut down 10,000 jobs in Europe which makes it’s 20% of the...

Ford [NYSE: F ] Booked Ultra-Cold Freezers To Ensure Autoworkers Access To The Covid-19 Vaccine

Ford Motors Co. revealed recently that to stock Pfizer Inc Covid-19 vaccine securely, it has requested 12 of the ultra-cold freezer. The automaker...

LCI Industries [NYSE: LCII] has revealed that its unit Lippert Components has completed the acquisition of Challenger Door, Inc. This acquisition will provide the opportunity to Lippert Components to increase its expertise as the recreational industry is currently flourishing. The exceptional services of Challenger Door and its customized products help Lippert Components increasing its growth.

Lippert Components’ main focus is to provide a seamless experience to customers with exceptional services. With this acquisition, LC will be able to strengthen its ability to provide the best services to customers. LC is best knows for providing highly engineered components for the leading original equipment manufacturers (OEMs).

Shares of LCI Industries (NYSE: LCII) traded up 1.26% at $127.03 during the trading session of Friday. In the past 52-weeks of trading, this company’s share fluctuated between the low of $55.29 and a high of $131.71. Its shares surged 129.75% from its 52-weeks low and plunged -3.55% from its 52-weeks high.

Looking at its profitability, it has a return on assets (ROA) of 6.90%, return on equity (ROE) of 16.80%, and return on investment (ROI) of 10.80%. Its Gross Margin is 24.50%, Profit Margin is 5.40%, and Operating Margin is 7.60%. LCI Industries’ market capitalization has remained high, hitting 3.12 billion at the time of writing.

Furthermore, LCI Industries has earlier declared that its Board of Directors authorized a regular quarterly cash dividend of $0.75 per share of common stock. The company is scheduled to pay the dividend on December 18, 2020.

More articles

Latest article

Transdigm [NYSE: TDG] Enters Into An Agreement To Buy Cobham Aero Connectivity

Transdigm group incorporation , the global aircraft component manufacturer and provider declared the acquisition of Cobham Aero Connectivity, the top supplier of antennas and...

LCI Industries’ [NYSE: LCII] Subsidiary Lippert Components Acquires Challenger Door

LCI Industries has revealed that its unit Lippert Components has completed the acquisition of Challenger Door, Inc. This acquisition will provide the opportunity...

Blackstone Group [NYSE: BX] Finalizes Recapitalization Of BioMed Realty

The Blackstone Group Inc. has disclosed today that Blackstone Real Estate Partners VIII L.P.  has executed the deal related to BioMed Realty. The...

Pfizer-BioNTech’s COVID19 Vaccine Candidate Acheive 95% Success

Pfizer Inc. (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) have disclosed Wednesday that their COVID-19 vaccine candidate, BNT162b2, has shown a 95% efficacy rate...

Scienjoy [NASDAQ: SJ] Inks Agreement With China Mobile

Scienjoy Holdings Corporation has revealed today that it has inked a cooperative agreement with China Mobile on November 1, 2020. The company disclosed...

Amazon.com [NASDAQ: AMZN] Launch Amazon Pharmacy

Amazon.com, Inc. has disclosed today the launch of two new pharmacy offerings. The e-commerce giant took this initiative for the convenience of its...

Why Alterity [NASDAQ: ATHE] Stock Surging Today?

Shares of Alterity Therapeutics Limited jumped higher on Monday's session with heavy volume. The company declared that it has got the new patent...

Here’s Why Cassava Sciences [NASDAQ: SAVA] Plunged On Friday?

Cassava Sciences Inc. shares plummeted 25.13% during the trading session of Friday. The biotechnology company has announced Friday the pricing of its previously...