LCI Industries (NYSE:LCII) Receives Average Rating of “Hold” from Analysts

LCI Industries (NYSE:LCII) has received an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $121.50.

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. Finally, Truist Financial lifted their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th.

LCI Industries Stock Performance

NYSE LCII opened at $87.36 on Monday. The business’s 50-day moving average price is $100.40 and its 200 day moving average price is $109.29. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.22 billion, a P/E ratio of 15.60 and a beta of 1.45. LCI Industries has a 52-week low of $86.23 and a 52-week high of $129.38.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio is currently 82.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC grew its stake in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares during the last quarter. LRI Investments LLC increased its holdings in LCI Industries by 345.6% during the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after acquiring an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries during the third quarter worth about $49,000. Finally, Headlands Technologies LLC purchased a new stake in shares of LCI Industries in the fourth quarter valued at about $59,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.