LCI Industries (NYSE:LCII) Receives $109.00 Average Price Target from Analysts

Shares of LCI Industries (NYSE:LCII) have earned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $109.00.

Separately, Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th.

Institutional Trading of LCI Industries

A number of institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in LCI Industries during the second quarter worth $2,454,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in LCI Industries during the second quarter worth $93,000. Sanctuary Advisors LLC purchased a new stake in LCI Industries during the second quarter worth $1,685,000. Algert Global LLC purchased a new stake in shares of LCI Industries in the second quarter valued at $264,000. Finally, SkyView Investment Advisors LLC lifted its position in shares of LCI Industries by 14.2% in the second quarter. SkyView Investment Advisors LLC now owns 4,926 shares of the company’s stock valued at $509,000 after acquiring an additional 611 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Up 0.5 %

LCII opened at $118.23 on Thursday. The business’s 50-day simple moving average is $112.90 and its 200-day simple moving average is $110.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The stock has a market capitalization of $3.01 billion, a P/E ratio of 32.13 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that LCI Industries will post 6 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio is presently 114.13%.

About LCI Industries

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.