LCI Industries (NYSE:LCII) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

LCII has been the topic of a number of other research reports. Truist Financial increased their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.

LCI Industries Price Performance

NYSE:LCII opened at $88.19 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $102.60 and its two-hundred day moving average price is $110.64. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 15.75 and a beta of 1.45. LCI Industries has a 12-month low of $86.56 and a 12-month high of $129.38.

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

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in 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 last quarter. LRI Investments LLC raised its position in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after acquiring an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries in the 3rd quarter worth about $49,000. Headlands Technologies LLC bought a new position in shares of LCI Industries in the 4th quarter worth about $59,000. Finally, Blue Trust Inc. raised its position in shares of LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

About LCI Industries

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.