LCI Industries (NYSE:LCII) Given Consensus Rating of “Hold” by Brokerages

LCI Industries (NYSE:LCII) has received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $111.00.

Several analysts have recently issued reports on the company. Truist Financial reduced their target price on LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Sunday. 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 $101.94 on Wednesday. The firm has a 50-day moving average price of $111.80 and a two-hundred day moving average price of $113.23. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company has a market capitalization of $2.60 billion, a P/E ratio of 19.83 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) 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 business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is currently 89.49%.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On LCI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of LCI Industries during the second quarter valued at about $438,000. Charles Schwab Investment Management Inc. raised its holdings in LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after buying an additional 29,192 shares during the last quarter. International Assets Investment Management LLC boosted its position in LCI Industries by 5,533.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after buying an additional 10,182 shares during the period. MML Investors Services LLC bought a new stake in LCI Industries during the 3rd quarter worth approximately $260,000. Finally, Blue Trust Inc. increased its position in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares during the period. 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.