LCI Industries (NYSE:LCII) Receives $128.50 Consensus Price Target from Analysts

Shares of LCI Industries (NYSE:LCII) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $128.50.

Several equities research analysts recently weighed in on the stock. Roth Mkm increased their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research report on Thursday, January 22nd. Truist Financial set a $147.00 price objective on LCI Industries in a research report on Tuesday, January 20th. Loop Capital reaffirmed a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a research report on Thursday, January 22nd. Finally, 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 research note on Monday, November 3rd.

LCI Industries Stock Performance

LCII stock opened at $149.29 on Friday. The stock’s 50 day simple moving average is $126.42 and its 200 day simple moving average is $108.48. LCI Industries has a 12-month low of $72.31 and a 12-month high of $151.85. The firm has a market cap of $3.61 billion, a P/E ratio of 20.88 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 earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.53. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $963.96 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $1.15 dividend. The ex-dividend date was Friday, November 28th. This represents a $4.60 annualized dividend and a yield of 3.1%. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LCII. Arizona State Retirement System raised its holdings in shares of 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 buying an additional 103 shares during the last quarter. Covestor Ltd raised its stake in LCI Industries by 10.4% during the 3rd quarter. Covestor Ltd now owns 1,261 shares of the company’s stock valued at $118,000 after acquiring an additional 119 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 acquiring an additional 138 shares during the period. SageView Advisory Group LLC grew its stake in shares of LCI Industries by 6.3% in the second quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock worth $241,000 after purchasing an additional 145 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of LCI Industries by 0.7% during the second quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after purchasing an additional 159 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.