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

LCI Industries (NYSE:LCII) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $121.50.

A number of research firms have weighed in on LCII. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Truist Financial increased their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th.

Institutional Investors Weigh In On LCI Industries

A number of large investors have recently bought and sold shares of LCII. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC increased its holdings in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares in the last quarter. LRI Investments LLC raised its stake in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries in the third quarter valued at approximately $49,000. Finally, Headlands Technologies LLC purchased a new position in shares of LCI Industries during the fourth quarter valued at approximately $59,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $96.23 on Thursday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 17.18 and a beta of 1.45. LCI Industries has a twelve month low of $95.09 and a twelve month high of $129.38. The company’s fifty day moving average is $104.24 and its 200 day moving average is $111.90. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.78%. LCI Industries’s payout ratio is presently 82.14%.

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.