LCI Industries (NYSE:LCII) Given Consensus Rating of “Reduce” by Brokerages

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

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

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in LCI Industries by 70.9% in the fourth quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after acquiring an additional 342,165 shares in the last quarter. FMR LLC boosted its position in shares of LCI Industries by 35.1% in the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after purchasing an additional 320,243 shares in the last quarter. Norges Bank purchased a new position in LCI Industries during the 4th quarter worth $33,784,000. American Century Companies Inc. increased its position in LCI Industries by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after buying an additional 50,470 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in LCI Industries during the 4th quarter valued at about $2,924,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 2.4 %

NYSE LCII opened at $113.82 on Friday. LCI Industries has a 52 week low of $102.39 and a 52 week high of $137.07. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 44.99 and a beta of 1.41. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $112.77 and a two-hundred day moving average of $115.47.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.90. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The firm had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $963.02 million. During the same period in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts predict that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. LCI Industries’s dividend payout ratio is presently 166.01%.

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.