LCI Industries (NYSE:LCII) Receives Average Rating of “Hold” from Analysts

Shares of LCI Industries (NYSE:LCII) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $112.20.

A number of analysts have commented on LCII shares. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial lifted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Raymond James began coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday.

LCI Industries Trading Up 3.1 %

NYSE LCII opened at $117.42 on Monday. The firm has a market capitalization of $2.99 billion, a PE ratio of 31.91 and a beta of 1.41. The business’s 50-day moving average price is $116.10 and its two-hundred day moving average price is $111.13. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. LCI Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. On average, analysts expect that LCI Industries will post 5.97 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Friday, August 30th. LCI Industries’s payout ratio is currently 114.13%.

Institutional Investors Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in shares of LCI Industries during the 4th quarter valued at approximately $901,000. Optimist Retirement Group LLC purchased a new position in LCI Industries during the 4th quarter worth $260,000. Scarborough Advisors LLC purchased a new stake in LCI Industries during the 4th quarter worth approximately $687,000. SageView Advisory Group LLC increased its holdings in shares of LCI Industries by 9.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,508 shares of the company’s stock valued at $315,000 after purchasing an additional 219 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of LCI Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after acquiring an additional 12,018 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.