LCI Industries (NYSE:LCII) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of LCI Industries (NYSE:LCII) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Other analysts also recently issued research reports about the stock. Loop Capital reiterated a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a report on Thursday. Roth Mkm upped their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. BMO Capital Markets raised shares of 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 boosted their target price on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and a consensus target price of $128.50.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $147.06 on Friday. LCI Industries has a 52 week low of $72.31 and a 52 week high of $151.85. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $123.09 and a 200-day moving average price of $107.15. The company has a market cap of $3.56 billion, a PE ratio of 20.57 and a beta of 1.31.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.53. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $963.96 million. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.LCI Industries’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. Equities analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s dividend payout ratio is 64.34%.

Institutional Trading of LCI Industries

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its stake in shares of LCI Industries by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 13,751 shares of the company’s stock worth $1,668,000 after acquiring an additional 181 shares during the period. Exchange Traded Concepts LLC bought a new position in LCI Industries during the fourth quarter worth about $87,000. Fort Washington Investment Advisors Inc. OH bought a new position in LCI Industries during the fourth quarter worth about $27,142,000. Curated Wealth Partners LLC increased its stake in shares of LCI Industries by 30.3% in the fourth quarter. Curated Wealth Partners LLC now owns 2,925 shares of the company’s stock worth $355,000 after purchasing an additional 681 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of LCI Industries by 2.1% in the fourth quarter. Congress Asset Management Co. now owns 55,107 shares of the company’s stock valued at $6,687,000 after purchasing an additional 1,158 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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.