LCI Industries (NYSE:LCII) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of LCI Industries (NYSE:LCII – Get Rating) in a research report released on Thursday morning. The firm issued a hold rating on the stock.

A number of other analysts also recently weighed in on the stock. Roth Capital reissued a buy rating and set a $114.00 price target (down previously from $137.00) on shares of LCI Industries in a research report on Wednesday, February 15th. Jefferies Financial Group downgraded shares of LCI Industries from a buy rating to a hold rating and decreased their price target for the stock from $120.00 to $95.00 in a research report on Friday, January 20th. Roth Mkm downgraded shares of LCI Industries from a buy rating to a neutral rating and decreased their price target for the stock from $137.00 to $114.00 in a research report on Wednesday, February 15th. Robert W. Baird raised their price target on shares of LCI Industries from $120.00 to $130.00 and gave the stock an outperform rating in a research report on Wednesday, February 15th. Finally, Truist Financial lifted their price objective on shares of LCI Industries from $125.00 to $130.00 in a report on Friday, February 17th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, LCI Industries has a consensus rating of Moderate Buy and a consensus target price of $118.14.

LCI Industries Trading Down 2.4 %

LCII opened at $104.73 on Thursday. The firm has a market capitalization of $2.64 billion, a P/E ratio of 6.76 and a beta of 1.46. The firm’s 50 day moving average is $111.23 and its 200-day moving average is $104.73. LCI Industries has a 52-week low of $89.28 and a 52-week high of $139.89. The company has a quick ratio of 0.86, a current ratio of 3.30 and a debt-to-equity ratio of 0.79.

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

LCI Industries Announces Dividend

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

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of LCI Industries during the second quarter valued at $28,000. CWM LLC raised its stake in shares of LCI Industries by 120.2% during the third quarter. CWM LLC now owns 251 shares of the company’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of LCI Industries during the third quarter valued at about $30,000. Quantbot Technologies LP bought a new stake in shares of LCI Industries during the third quarter valued at about $39,000. Finally, Covestor Ltd raised its stake in shares of LCI Industries by 85.3% during the first quarter. Covestor Ltd now owns 417 shares of the company’s stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 99.19% of the company’s stock.

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.