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

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

A number of brokerages have weighed in on LCII. Truist Financial upped their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Raymond James began coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock.

LCI Industries Stock Down 0.5 %

Shares of NYSE:LCII opened at $104.65 on Friday. The stock has a 50 day moving average price of $116.47 and a 200-day moving average price of $113.08. The firm has a market capitalization of $2.66 billion, a P/E ratio of 20.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same period last year, the company earned $1.02 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.40%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by insiders.

Institutional Trading of LCI Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of LCI Industries by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after acquiring an additional 62,354 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after buying an additional 36,487 shares during the period. Victory Capital Management Inc. grew its stake in LCI Industries by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock valued at $74,882,000 after purchasing an additional 14,969 shares during the last quarter. Geode Capital Management LLC raised its position in LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after buying an additional 1,688 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in LCI Industries by 30.5% in the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after purchasing an additional 97,877 shares during the last quarter. 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.