Brokerages Set LCI Industries (NYSE:LCII) Target Price at $109.00

Shares of LCI Industries (NYSE:LCII) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $109.00.

Separately, Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th.

LCI Industries Stock Up 0.5 %

Shares of NYSE:LCII opened at $118.23 on Thursday. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The stock’s fifty day simple moving average is $112.90 and its 200-day simple moving average is $110.63. The company has a market capitalization of $3.01 billion, a P/E ratio of 32.13 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $1.31 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that LCI Industries will post 6 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 annualized dividend and a yield of 3.55%. LCI Industries’s payout ratio is currently 114.13%.

Institutional Investors Weigh In On LCI Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCII. Norges Bank acquired a new stake in LCI Industries during the fourth quarter worth about $33,784,000. American Century Companies Inc. increased its stake in LCI Industries by 30.5% during the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after acquiring an additional 97,877 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after acquiring an additional 62,354 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in LCI Industries during the second quarter worth about $2,454,000. Finally, Pembroke Management LTD increased its stake in LCI Industries by 50.8% during the first quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock worth $6,646,000 after acquiring an additional 18,194 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.