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

Shares of LCI Industries (NYSE:LCII – Get Rating) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $118.14.

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of LCI Industries in a research note on Thursday. They set a “hold” rating for the company. Truist Financial lifted their price objective on shares of LCI Industries from $125.00 to $130.00 in a research note on Friday, February 17th. Jefferies Financial Group cut shares of LCI Industries from a “buy” rating to a “hold” rating and decreased their price objective for the company from $120.00 to $95.00 in a research note on Friday, January 20th. Roth Capital reaffirmed a “buy” rating and set a $114.00 target price (down from $137.00) on shares of LCI Industries in a report on Wednesday, February 15th. Finally, Robert W. Baird lifted their target price on shares of LCI Industries from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th.

Institutional Investors Weigh In On LCI Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in LCI Industries by 24.8% in the 4th quarter. Victory Capital Management Inc. now owns 574,771 shares of the company’s stock worth $53,138,000 after acquiring an additional 114,145 shares in the last quarter. Voya Investment Management LLC increased its holdings in LCI Industries by 5.5% in the 4th quarter. Voya Investment Management LLC now owns 11,129 shares of the company’s stock worth $1,029,000 after acquiring an additional 579 shares in the last quarter. Natixis purchased a new stake in LCI Industries in the 4th quarter worth $379,000. Steward Partners Investment Advisory LLC increased its holdings in LCI Industries by 73.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,511 shares of the company’s stock worth $140,000 after acquiring an additional 639 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in LCI Industries by 24.3% in the 4th quarter. State of Tennessee Treasury Department now owns 18,103 shares of the company’s stock worth $1,673,000 after acquiring an additional 3,540 shares in the last quarter. Hedge funds and other institutional investors own 99.19% of the company’s stock.

LCI Industries Stock Performance

Shares of NYSE LCII opened at $104.73 on Friday. The company has a current ratio of 3.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. LCI Industries has a 12 month low of $89.28 and a 12 month high of $139.89. The company has a 50 day simple moving average of $111.23 and a two-hundred day simple moving average of $104.73. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 6.76 and a beta of 1.46.

LCI Industries (NYSE:LCII – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.98). LCI Industries had a net margin of 7.59% and a return on equity of 28.95%. The business had revenue of $894.35 million for the quarter, compared to analyst estimates of $912.46 million. During the same quarter in the previous year, the firm posted $3.22 earnings per share. The business’s revenue was down 26.3% on a year-over-year basis. As a group, analysts predict that LCI Industries will post 7.85 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, March 9th. LCI Industries’s payout ratio is presently 27.11%.

About LCI Industries

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LCI Industries engages in the manufacture, supply, and distribution of components for the original equipment manufacturers (OEM) of recreational vehicles and manufactured homes. It operates through the OEM and Aftermarket segments. The OEM segment offers components for buses, trailers used to haul boats, livestock, equipment and other cargo, trucks, pontoon boats, trains, manufactured homes, and modular housing.