LCI Industries (NYSE:LCII) Receives $112.20 Consensus PT from Analysts

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

A number of research analysts have commented on LCII shares. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Truist Financial lifted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th.

LCI Industries Stock Performance

LCI Industries stock opened at $115.14 on Friday. The firm has a 50 day simple moving average of $116.98 and a 200-day simple moving average of $111.47. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 24.14 and a beta of 1.41.

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

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.05 per share. The ex-dividend date was Friday, August 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.65%. LCI Industries’s dividend payout ratio is presently 88.05%.

Institutional Trading of LCI Industries

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after purchasing an additional 15,670 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LCI Industries by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after acquiring an additional 62,354 shares in the last quarter. Principal Financial Group Inc. raised its holdings in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after acquiring an additional 36,487 shares in the last quarter. Victory Capital Management Inc. raised its holdings in LCI Industries by 2.5% in the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock valued at $74,882,000 after acquiring an additional 14,969 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in LCI Industries by 30.5% in the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after acquiring an additional 97,877 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.