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

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research note released on Friday morning.

Separately, Truist Financial dropped their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

LCI Industries Stock Down 0.5 %

Shares of NYSE:LCII opened at $100.81 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $107.09 and a two-hundred day simple moving average of $113.09. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.61 and a beta of 1.44.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same quarter in the previous year, the firm earned $1.02 EPS. LCI Industries’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

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 given a $1.15 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.56%. LCI Industries’s payout ratio is 89.49%.

Insider Activity

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s 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 directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On LCI Industries

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after acquiring an additional 11,286 shares during the period. Victory Capital Management Inc. raised its holdings in LCI Industries by 2.4% in the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock worth $65,784,000 after purchasing an additional 15,057 shares during the period. 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in LCI Industries by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after purchasing an additional 25,145 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after purchasing an additional 68,682 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.