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

LCI Industries (NYSE:LCII) has earned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $111.60.

LCII has been the topic of a number of research analyst reports. Robert W. Baird restated a “neutral” rating and issued a $100.00 price target (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Truist Financial dropped their target price on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Wednesday, February 12th. Baird R W lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th.

LCI Industries Stock Performance

LCI Industries stock opened at $79.09 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm has a market capitalization of $2.00 billion, a P/E ratio of 14.12 and a beta of 1.36. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The company’s 50-day moving average is $87.68 and its 200 day moving average is $102.90.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date was Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently added to or reduced their stakes in the company. MML Investors Services LLC purchased a new position in shares of LCI Industries in the 3rd quarter worth approximately $260,000. SkyView Investment Advisors LLC grew its holdings in LCI Industries by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after purchasing an additional 143 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LCI Industries in the third quarter worth $49,000. Tidal Investments LLC increased its position in shares of LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after purchasing an additional 223 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of LCI Industries by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock valued at $37,607,000 after purchasing an additional 31,376 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Company Profile

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.