LCI Industries (NYSE:LCII) Receives $111.60 Consensus PT from Analysts

LCI Industries (NYSE:LCII) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $111.60.

LCII has been the topic of a number of research reports. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Truist Financial reduced their price objective on LCI Industries from $108.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Robert W. Baird restated a “neutral” rating and issued a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. Finally, Baird R W lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th.

LCI Industries Trading Up 1.3 %

NYSE:LCII opened at $79.09 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $87.68 and a 200-day simple moving average of $102.90. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The company has a market capitalization of $2.00 billion, a P/E ratio of 14.12 and a beta of 1.36.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in LCI Industries during the fourth quarter valued at $26,402,000. Royce & Associates LP boosted its holdings in LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after buying an additional 172,586 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after buying an additional 87,764 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of LCI Industries by 29.2% during the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock valued at $36,975,000 after acquiring an additional 80,784 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of LCI Industries by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock valued at $301,203,000 after acquiring an additional 56,794 shares in the last quarter. Hedge funds and other 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.