Brokerages Set LCI Industries (NYSE:LCII) Target Price at $112.20

Shares of LCI Industries (NYSE:LCII) have earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $112.20.

Several research firms have recently commented on LCII. Truist Financial raised their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Raymond James began coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries during the 3rd quarter valued at about $49,000. GAMMA Investing LLC lifted its holdings in shares of LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in LCI Industries in the second quarter valued at approximately $93,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Price Performance

Shares of LCII opened at $103.16 on Friday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 20.07 and a beta of 1.41. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The firm has a 50-day simple moving average of $116.17 and a 200-day simple moving average of $113.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $1.15 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 4.46%. LCI Industries’s dividend payout ratio is 89.49%.

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.