Brokerages Set LCI Industries (NYSE:LCII) Price Target at $113.67

Shares of LCI Industries (NYSE:LCII) have received a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $113.6667.

LCII has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Loop Capital started coverage on LCI Industries in a research report on Friday, October 31st. They set a “buy” rating and a $116.00 price objective for the company. BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a report on Monday, November 3rd. Roth Capital upped their price target on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in LCI Industries during the 2nd quarter worth approximately $26,000. Signaturefd LLC lifted its holdings in shares of LCI Industries by 591.5% in the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after buying an additional 278 shares during the period. State of Wyoming purchased a new stake in shares of LCI Industries in the first quarter valued at approximately $46,000. Financial Consulate Inc. acquired a new position in LCI Industries during the third quarter worth $56,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after acquiring an additional 488 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of NYSE LCII opened at $126.45 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. LCI Industries has a twelve month low of $72.31 and a twelve month high of $126.56. The stock has a 50 day moving average of $114.95 and a two-hundred day moving average of $103.38. The stock has a market cap of $3.06 billion, a P/E ratio of 17.69 and a beta of 1.31.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The business had revenue of $1 billion for the quarter. On average, research analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.6%. LCI Industries’s payout ratio is presently 64.34%.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.