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

LCI Industries (NYSE:LCII) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $113.6667.

LCII has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Loop Capital initiated coverage on shares of LCI Industries in a report on Friday, October 31st. They issued a “buy” rating and a $116.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Truist Financial boosted their price target on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in LCI Industries by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company’s stock valued at $115,961,000 after buying an additional 89,230 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock valued at $60,808,000 after purchasing an additional 59,233 shares during the last quarter. Millennium Management LLC boosted its holdings in LCI Industries by 482.2% in the first quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock valued at $55,565,000 after purchasing an additional 526,378 shares during the last quarter. Geode Capital Management LLC grew its stake in LCI Industries by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock valued at $53,772,000 after purchasing an additional 8,942 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in LCI Industries by 6.4% during the 1st quarter. Royce & Associates LP now owns 581,590 shares of the company’s stock worth $50,848,000 after purchasing an additional 34,967 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

LCI Industries stock opened at $109.74 on Tuesday. The stock has a fifty day moving average price of $96.54 and a 200 day moving average price of $94.62. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The firm has a market capitalization of $2.66 billion, a P/E ratio of 18.32 and a beta of 1.34. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The company had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Equities research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, August 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.2%. LCI Industries’s payout ratio is presently 64.34%.

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.