LCI Industries (NYSE:LCII) Given Consensus Rating of “Hold” by Analysts

Shares of LCI Industries (NYSE:LCII) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $128.50.

Several analysts have recently commented on the company. Robert W. Baird raised their target price on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Roth Mkm lifted their target price on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. BMO Capital Markets upgraded 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. Finally, Truist Financial set a $147.00 price target on shares of LCI Industries in a report on Tuesday, January 20th.

Hedge Funds Weigh In On LCI Industries

A number of hedge funds have recently modified their holdings of LCII. Arizona State Retirement System boosted its position in LCI Industries by 1.4% during the third quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock valued at $696,000 after purchasing an additional 103 shares during the last quarter. Covestor Ltd raised its stake in shares of LCI Industries by 10.4% during the 3rd quarter. Covestor Ltd now owns 1,261 shares of the company’s stock worth $118,000 after purchasing an additional 119 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of LCI Industries by 17.1% during the 4th quarter. GAMMA Investing LLC now owns 947 shares of the company’s stock worth $115,000 after purchasing an additional 138 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in shares of LCI Industries by 6.3% during the 2nd quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after buying an additional 145 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of LCI Industries by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after buying an additional 159 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Price Performance

LCII stock opened at $146.82 on Friday. LCI Industries has a one year low of $72.31 and a one year high of $151.85. The firm has a 50-day moving average of $127.11 and a two-hundred day moving average of $108.89. The firm has a market capitalization of $3.55 billion, a PE ratio of 20.53 and a beta of 1.31. 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 (NYSE:LCII) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.53. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $963.96 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.1%. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

LCI Industries Company Profile

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.