LCI Industries (NYSE:LCII) Receives $113.75 Average PT from Analysts

Shares of LCI Industries (NYSE:LCII) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $115.25.

A number of research firms have recently issued reports on LCII. Truist Financial upped their target price on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th.

Insider Buying and Selling

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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LCII. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC grew its position in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares in the last quarter. Blue Trust Inc. increased its stake in LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries during the third quarter worth about $49,000. Finally, GAMMA Investing LLC lifted its position in shares of LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

NYSE:LCII opened at $107.94 on Friday. The firm has a market cap of $2.75 billion, a P/E ratio of 21.00 and a beta of 1.44. The stock has a 50 day moving average of $106.70 and a two-hundred day moving average of $113.02. LCI Industries has a 12 month low of $96.18 and a 12 month high of $129.38. 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 (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. On average, analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio is currently 89.49%.

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.