LCI Industries (NYSE:LCII) Receives Average Recommendation of “Hold” from Analysts

LCI Industries (NYSE:LCII) has been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $112.20.

A number of equities research analysts recently commented on the company. Truist Financial upped their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, Raymond James assumed coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock.

Hedge Funds Weigh In On LCI Industries

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its position in LCI Industries by 4.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock worth $232,000 after acquiring an additional 90 shares during the period. nVerses Capital LLC grew its stake in LCI Industries by 7.7% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after acquiring an additional 100 shares in the last quarter. HM Payson & Co. grew its stake in LCI Industries by 6.4% during the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after acquiring an additional 105 shares in the last quarter. Hsbc Holdings PLC grew its stake in LCI Industries by 2.6% during the 2nd quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after acquiring an additional 105 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in LCI Industries by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Down 3.8 %

Shares of LCI Industries stock opened at $115.14 on Friday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The firm’s 50 day simple moving average is $116.98 and its two-hundred day simple moving average is $111.47. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 24.14 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. Analysts predict that LCI Industries will post 5.97 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is presently 88.05%.

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.