Brokerages Set LCI Industries (NYSE:LCII) PT at $109.00

Shares of LCI Industries (NYSE:LCII) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $109.00.

LCII has been the topic of a number of research reports. Benchmark initiated coverage on shares of LCI Industries in a research report on Thursday, July 18th. They issued a “buy” rating and a $130.00 price objective on the stock. Roth Mkm boosted their price objective on shares of LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th.

Institutional Trading of LCI Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCII. Norges Bank acquired a new position in shares of LCI Industries in the fourth quarter valued at $33,784,000. International Assets Investment Management LLC acquired a new position in shares of LCI Industries in the fourth quarter valued at $2,924,000. Pembroke Management LTD increased its holdings in shares of LCI Industries by 50.8% in the first quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock valued at $6,646,000 after purchasing an additional 18,194 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of LCI Industries by 16.1% in the second quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company’s stock valued at $13,325,000 after purchasing an additional 17,845 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of LCI Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after purchasing an additional 15,670 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Performance

Shares of LCII opened at $116.05 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 2.86. LCI Industries has a twelve month low of $96.18 and a twelve month high of $137.07. The firm’s 50 day moving average price is $105.62 and its two-hundred day moving average price is $111.57. The firm has a market cap of $2.95 billion, a P/E ratio of 31.54 and a beta of 1.42.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.90. The firm had revenue of $968.00 million for the quarter, compared to analyst estimates of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, analysts forecast that LCI Industries will post 6.29 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio (DPR) is currently 114.13%.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.