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

Shares of LCI Industries (NYSE:LCII) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $113.6667.

LCII has been the subject of several recent analyst reports. Loop Capital assumed coverage on shares of LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 price target on the stock. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a research report on Monday, November 3rd. Robert W. Baird increased their price target on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wall Street Zen downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Zacks Research raised LCI Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd.

LCI Industries Stock Down 0.5%

Shares of LCI Industries stock opened at $123.03 on Wednesday. The company has a 50-day simple moving average of $111.79 and a two-hundred day simple moving average of $102.17. LCI Industries has a 52-week low of $72.31 and a 52-week high of $125.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. The stock has a market capitalization of $2.98 billion, a PE ratio of 17.21 and a beta of 1.32.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The company had revenue of $1 billion for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. On average, analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $1.15 per share. The ex-dividend date was Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a yield of 3.7%. LCI Industries’s dividend payout ratio is 64.34%.

Hedge Funds Weigh In On LCI Industries

Several hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new position in LCI Industries during the third quarter valued at approximately $2,440,000. CIBC Bancorp USA Inc. purchased a new position in shares of LCI Industries in the 3rd quarter valued at $245,000. Jacobs Levy Equity Management Inc. raised its position in shares of LCI Industries by 5.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 50,391 shares of the company’s stock worth $4,694,000 after acquiring an additional 2,667 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of LCI Industries by 317.6% during the 3rd quarter. Verition Fund Management LLC now owns 22,336 shares of the company’s stock worth $2,081,000 after purchasing an additional 16,987 shares during the last quarter. Finally, Prelude Capital Management LLC purchased a new stake in shares of LCI Industries during the 3rd quarter worth $211,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.