LCI Industries (NYSE:LCII) Receives $104.20 Consensus Price Target from Brokerages

Shares of LCI Industries (NYSE:LCII) have been given a consensus rating of “Reduce” by the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $104.20.

A number of analysts have recently issued reports on the company. Truist Financial restated a “hold” rating and issued a $110.00 target price (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Roth Mkm reduced their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Robert W. Baird cut their target price on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Finally, BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd.

Hedge Funds Weigh In On LCI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of LCII. Vanguard Group Inc. lifted its holdings in shares of LCI Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock valued at $350,129,000 after purchasing an additional 12,018 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of LCI Industries by 9.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,404,644 shares of the company’s stock worth $264,198,000 after acquiring an additional 206,194 shares during the period. FMR LLC increased its holdings in shares of LCI Industries by 35.1% during the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after acquiring an additional 320,243 shares during the last quarter. JPMorgan Chase & Co. raised its stake in LCI Industries by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,209,530 shares of the company’s stock valued at $152,836,000 after acquiring an additional 14,597 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in LCI Industries by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,049,513 shares of the company’s stock valued at $131,940,000 after purchasing an additional 4,161 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Down 0.5 %

LCII stock opened at $115.74 on Thursday. The firm has a market cap of $2.93 billion, a PE ratio of 45.75 and a beta of 1.40. LCI Industries has a 1 year low of $101.85 and a 1 year high of $137.07. The company has a fifty day simple moving average of $117.03 and a 200 day simple moving average of $116.66. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.24). The business had revenue of $837.54 million for the quarter, compared to the consensus estimate of $835.99 million. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. LCI Industries’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.68) EPS. Sell-side analysts anticipate that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 166.01%.

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.