LCI Industries (NYSE:LCII) Given Average Recommendation of “Hold” by Analysts

LCI Industries (NYSE:LCII) has earned an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $112.20.

A number of research analysts have recently weighed in on LCII shares. Truist Financial raised their price objective 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. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th.

LCI Industries Trading Up 3.2 %

NYSE:LCII opened at $115.22 on Friday. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $117.01 and a 200-day simple moving average of $111.39. The company has a market capitalization of $2.93 billion, a PE ratio of 24.16 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect 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. Stockholders of record on Friday, August 30th were issued 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 payout ratio is currently 88.05%.

Institutional Trading of LCI Industries

Several institutional investors have recently made changes to their positions in LCII. American Century Companies Inc. raised its position in shares of LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after buying an additional 97,877 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of LCI Industries by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after purchasing an additional 62,354 shares during the period. Principal Financial Group Inc. lifted its stake in shares of LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of LCI Industries by 26.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after purchasing an additional 34,110 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of LCI Industries during the 2nd quarter worth about $2,454,000. 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.