LCI Industries (NYSE:LCII) Receives Consensus Recommendation of “Hold” from Analysts

LCI Industries (NYSE:LCII) has earned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $112.20.

Several equities research analysts have issued reports on the company. Truist Financial increased their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. Finally, Raymond James began coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock.

LCI Industries Stock Performance

NYSE LCII opened at $111.28 on Friday. The company has a market capitalization of $2.83 billion, a PE ratio of 23.33 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The company has a 50-day simple moving average of $117.52 and a 200 day simple moving average of $111.16.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. LCI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 earnings per share. On average, research analysts predict that LCI Industries will post 5.97 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s payout ratio is presently 88.05%.

Institutional Trading of LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of LCI Industries by 30.5% during the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after acquiring an additional 97,877 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in LCI Industries by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after purchasing an additional 62,354 shares during the period. Principal Financial Group Inc. raised its position in LCI Industries by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after buying an additional 34,110 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in LCI Industries in the 2nd quarter worth approximately $2,454,000. Institutional investors own 99.71% of the company’s stock.

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.