LCI Industries (NYSE:LCII) Trading 8.2% Higher – What’s Next?

LCI Industries (NYSE:LCII)’s stock price was up 8.2% on Wednesday . The company traded as high as $149.93 and last traded at $149.3280. Approximately 356,290 shares traded hands during trading, an increase of 34% from the average daily volume of 266,782 shares. The stock had previously closed at $138.07.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LCII. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Roth Capital upped their price target on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Robert W. Baird lifted their price target on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Loop Capital started coverage on LCI Industries in a research note on Friday, October 31st. They set a “buy” rating and a $116.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and a consensus price target of $123.00.

LCI Industries Stock Up 9.8%

The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 21.20 and a beta of 1.31. The business has a fifty day moving average price of $120.62 and a two-hundred day moving average price of $106.18.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, topping 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 the consensus estimate of $963.96 million. During the same period in the prior year, the business posted $1.39 earnings per share. LCI Industries’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

Institutional Trading of LCI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LCII. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of LCI Industries in the second quarter valued at $26,000. Signaturefd LLC increased its holdings in 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. Financial Consulate Inc. bought a new position in shares of LCI Industries during the 3rd quarter worth about $56,000. Northwestern Mutual Wealth Management Co. increased its stake in LCI Industries by 358.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after acquiring an additional 488 shares during the period. Finally, Hilltop National Bank bought a new position in LCI Industries during the second quarter worth about $66,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.