LCI Industries (NYSE:LCII) Receives Average Recommendation of “Hold” from Brokerages

LCI Industries (NYSE:LCII) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat.com 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 1-year target price among analysts that have covered the stock in the last year is $112.20.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LCII. Vanguard Group Inc. increased 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 acquiring an additional 15,670 shares in the last quarter. Dimensional Fund Advisors LP increased its position in LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after buying an additional 62,354 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of LCI Industries by 1.8% in the first quarter. Principal Financial Group Inc. now owns 609,232 shares of the company’s stock valued at $74,972,000 after purchasing an additional 10,539 shares during the period. American Century Companies Inc. lifted its holdings in LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after purchasing an additional 97,877 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in LCI Industries by 16.1% during the second quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company’s stock worth $13,325,000 after acquiring an additional 17,845 shares during the period. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

LCII stock opened at $117.42 on Monday. 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 52 week low of $96.18 and a 52 week high of $131.36. The firm has a 50 day simple moving average of $116.10 and a 200 day simple moving average of $111.13. The stock has a market cap of $2.99 billion, a P/E ratio of 31.91 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 the consensus estimate of $2.16 by $0.24. The company had revenue of $1.05 billion during 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%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 earnings per share. Research analysts anticipate that LCI Industries will post 5.97 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 3.58%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio 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.