LCI Industries (NYSE:LCII) Given New $108.00 Price Target at Truist Financial

LCI Industries (NYSE:LCII) had its price target boosted by Truist Financial from $102.00 to $108.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a hold rating on the stock.

Separately, StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.25.

LCI Industries Trading Up 0.8 %

Shares of NYSE:LCII opened at $101.69 on Monday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company has a market cap of $2.59 billion, a PE ratio of 19.78 and a beta of 1.44. The stock has a 50 day moving average of $107.09 and a 200 day moving average of $113.09. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

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 paid a $1.15 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.52%. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated 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 transaction, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCII. Smartleaf Asset Management LLC grew its holdings in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares during the last quarter. Blue Trust Inc. grew its stake in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the third quarter valued at about $49,000. GAMMA Investing LLC increased its holdings in shares of LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after purchasing an additional 272 shares during the period. Finally, nVerses Capital LLC raised its stake in shares of LCI Industries by 14.3% in the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock worth $193,000 after purchasing an additional 200 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other 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.