LCI Industries (NYSE:LCII) Receives $121.50 Consensus Target Price from Analysts

LCI Industries (NYSE:LCII) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four research 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 analysts that have covered the stock in the last year is $117.20.

Several equities research analysts have issued reports on the company. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. Truist Financial raised their target price on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a research report on Friday.

Institutional Trading of LCI Industries

A number of institutional investors have recently made changes to their positions in LCII. Smartleaf Asset Management LLC increased its stake in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares during the last quarter. LRI Investments LLC grew its holdings in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after acquiring an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the third quarter valued at about $49,000. Headlands Technologies LLC bought a new stake in LCI Industries during the fourth quarter worth about $59,000. Finally, Blue Trust Inc. raised its holdings in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 1.0 %

Shares of NYSE LCII opened at $81.78 on Monday. LCI Industries has a 52-week low of $75.72 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The stock has a market cap of $2.06 billion, a P/E ratio of 14.60 and a beta of 1.36. The firm has a 50 day moving average price of $98.29 and a 200 day moving average price of $108.15.

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

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.62%. LCI Industries’s dividend payout ratio is currently 82.14%.

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.