LCI Industries (NYSE:LCII) Given Average Rating of “Reduce” by Brokerages

Shares of LCI Industries (NYSE:LCII) have earned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $104.20.

Several research analysts recently issued reports on the company. Robert W. Baird cut their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Roth Mkm cut their price objective on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Truist Financial restated a “hold” rating and issued a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Finally, BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $105.00 to $100.00 in a report on Monday, January 22nd.

LCI Industries Price Performance

Shares of LCII opened at $108.91 on Monday. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 43.05 and a beta of 1.40. The firm’s fifty day simple moving average is $117.34 and its 200-day simple moving average is $116.49. LCI Industries has a twelve month low of $104.93 and a twelve month high of $137.07. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The business had revenue of $837.54 million for the quarter, compared to analysts’ expectations of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.68) earnings per share. Equities analysts forecast that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 3.86%. LCI Industries’s dividend payout ratio is presently 166.01%.

Institutional Trading of LCI Industries

Several large investors have recently made changes to their positions in LCII. Eagle Bay Advisors LLC bought a new stake in shares of LCI Industries in the second quarter valued at about $28,000. Covestor Ltd boosted its stake in LCI Industries by 85.3% in the first quarter. Covestor Ltd now owns 417 shares of the company’s stock valued at $43,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of LCI Industries during the fourth quarter worth $81,000. Point72 Hong Kong Ltd bought a new stake in shares of LCI Industries in the 2nd quarter valued at about $93,000. Finally, National Bank of Canada FI raised its holdings in LCI Industries by 28.9% in the third quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after purchasing an additional 249 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.