LCI Industries (NYSE:LCII) Receives $121.50 Average PT from Analysts

Shares of LCI Industries (NYSE:LCII) have been given a consensus rating of “Hold” by the five analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $121.50.

A number of brokerages have issued reports on LCII. Truist Financial increased their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note 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 for the company in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th.

Institutional Trading of LCI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of LCII. Charles Schwab Investment Management Inc. boosted its holdings in shares of LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after acquiring an additional 29,192 shares in the last quarter. Principal Financial Group Inc. raised its position in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after purchasing an additional 11,286 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries during the fourth quarter valued at about $266,000. Congress Asset Management Co. boosted its stake in shares of LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after purchasing an additional 5,303 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of LCI Industries during the fourth quarter worth about $2,394,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 2.2 %

NYSE LCII opened at $96.23 on Thursday. 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 company has a market cap of $2.45 billion, a price-to-earnings ratio of 17.18 and a beta of 1.45. The company has a 50 day moving average of $104.24 and a 200-day moving average of $111.90. LCI Industries has a 1-year low of $95.09 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data 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 expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

LCI Industries Company Profile

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.