LCI Industries (NYSE:LCII) Cut to Hold at Zacks Research

Zacks Research cut shares of LCI Industries (NYSE:LCII) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on LCII. Loop Capital reiterated a “hold” rating and set a $149.00 target price on shares of LCI Industries in a report on Thursday, January 22nd. Robert W. Baird set a $150.00 target price on LCI Industries in a report on Thursday, February 19th. Truist Financial reduced their target price on LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Finally, Roth Mkm reiterated a “neutral” rating and set a $164.00 target price on shares of LCI Industries in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average target price of $154.29.

LCI Industries Stock Down 1.2%

Shares of LCI Industries stock opened at $119.71 on Monday. The company has a quick ratio of 1.14, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. LCI Industries has a 12 month low of $75.41 and a 12 month high of $159.66. The business has a fifty day simple moving average of $129.71 and a 200 day simple moving average of $122.31. The stock has a market cap of $2.91 billion, a PE ratio of 15.86 and a beta of 1.35.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.20. The business had revenue of $932.70 million during the quarter, compared to analysts’ expectations of $913.04 million. LCI Industries had a return on equity of 13.55% and a net margin of 4.57%.During the same period in the previous year, the firm earned $0.37 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. Research analysts predict that LCI Industries will post 8.78 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, March 13th. LCI Industries’s dividend payout ratio is currently 60.93%.

Insider Transactions at LCI Industries

In other news, insider Jamie Schnur sold 10,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $144.66, for a total transaction of $1,446,600.00. Following the completion of the transaction, the insider directly owned 19,420 shares of the company’s stock, valued at $2,809,297.20. This represents a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Richard Smith sold 20,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $147.81, for a total value of $2,956,200.00. Following the transaction, the insider directly owned 10,092 shares of the company’s stock, valued at $1,491,698.52. This represents a 66.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 90,000 shares of company stock valued at $13,137,900 over the last three months. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank boosted its position in shares of LCI Industries by 79.8% during the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Salomon & Ludwin LLC boosted its position in shares of LCI Industries by 1,818.2% during the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Global Retirement Partners LLC acquired a new position in shares of LCI Industries during the fourth quarter worth about $30,000. Financial Consulate Inc. bought a new stake in LCI Industries during the third quarter worth about $56,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after purchasing an additional 488 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About LCI Industries

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.