LCI Industries (NYSE:LCII) Shares Gap Up to $104.99

LCI Industries (NYSE:LCII) gapped up prior to trading on Wednesday . The stock had previously closed at $104.99, but opened at $111.16. LCI Industries shares last traded at $112.86, with a volume of 66,634 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LCII. Robert W. Baird reduced their price target on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $105.00 to $100.00 in a report on Monday, January 22nd. Truist Financial reiterated a “hold” rating and set a $110.00 target price (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Finally, Roth Mkm reduced their price target on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.20.

LCI Industries Stock Up 6.3 %

The company’s fifty day simple moving average is $113.25 and its 200 day simple moving average is $115.51. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.84 billion, a P/E ratio of 41.45 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to the consensus estimate of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. LCI Industries’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.68) earnings per share. Research analysts expect that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio is presently 166.01%.

Hedge Funds Weigh In On LCI Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of LCI Industries by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after buying an additional 12,018 shares during the last quarter. FMR LLC grew its stake in shares of LCI Industries by 35.1% in the third quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after acquiring an additional 320,243 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LCI Industries by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,049,513 shares of the company’s stock valued at $131,940,000 after acquiring an additional 4,161 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock worth $103,673,000 after purchasing an additional 342,165 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in LCI Industries by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 609,232 shares of the company’s stock worth $74,972,000 after purchasing an additional 10,539 shares in the last quarter. 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.