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

Shares of LCI Industries (NYSE:LCII) have received an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $121.50.

LCII has been the subject of a number of recent research reports. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Wednesday, February 12th. Finally, Truist Financial increased their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th.

Hedge Funds Weigh In On LCI Industries

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in shares of LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. LRI Investments LLC boosted its position in LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after buying an additional 311 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in LCI Industries in the 3rd quarter valued at approximately $49,000. Headlands Technologies LLC purchased a new position in LCI Industries in the 4th quarter valued at approximately $59,000. Finally, Blue Trust Inc. boosted its position in LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.1 %

LCII stock opened at $97.76 on Thursday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 17.46 and a beta of 1.44. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. LCI Industries has a 12 month low of $95.09 and a 12 month high of $129.38. The firm has a 50-day moving average of $104.53 and a two-hundred day moving average of $112.25.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. As a group, analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.71%. LCI Industries’s payout ratio is currently 82.14%.

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.