LCI Industries (NYSE:LCII) Given Average Rating of “Hold” by Analysts

LCI Industries (NYSE:LCII) has earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $112.20.

A number of research firms have recently weighed in on LCII. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. Raymond James started coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th.

LCI Industries Price Performance

LCI Industries stock opened at $126.83 on Tuesday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 24.68 and a beta of 1.41. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The stock’s 50 day moving average price is $117.37 and its two-hundred day moving average price is $112.22.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter in the prior year, the firm earned $1.02 EPS. The business’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.63%. LCI Industries’s dividend payout ratio is currently 81.71%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of LCI Industries by 2.4% in the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock valued at $1,133,000 after acquiring an additional 223 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries in the third quarter worth approximately $49,000. SkyView Investment Advisors LLC raised its stake in LCI Industries by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after purchasing an additional 143 shares in the last quarter. Geode Capital Management LLC lifted its position in LCI Industries by 0.3% during the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after purchasing an additional 1,688 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in LCI Industries in the 3rd quarter worth approximately $260,000. 99.71% of the stock is 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.