LCI Industries (NYSE:LCII) Receives $109.00 Average Price Target from Brokerages

LCI Industries (NYSE:LCII) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have 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 brokers that have issued ratings on the stock in the last year is $109.00.

A number of equities research analysts recently issued reports on LCII shares. Roth Mkm upped their target price on LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Benchmark started coverage on LCI Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $130.00 price target on the stock.

Institutional Trading of LCI Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its holdings in LCI Industries by 532.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after purchasing an additional 314 shares in the last quarter. LRI Investments LLC acquired a new stake in LCI Industries in the 1st quarter valued at $46,000. Fidelis Capital Partners LLC acquired a new stake in LCI Industries in the 1st quarter valued at $68,000. GAMMA Investing LLC acquired a new stake in LCI Industries in the 4th quarter valued at $81,000. Finally, Eagle Bay Advisors LLC increased its holdings in LCI Industries by 88.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock valued at $96,000 after purchasing an additional 359 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Performance

LCII opened at $116.05 on Wednesday. The stock has a market cap of $2.95 billion, a P/E ratio of 31.54 and a beta of 1.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $105.62 and its 200 day simple moving average is $111.57. LCI Industries has a 1-year low of $96.18 and a 1-year high of $137.07.

LCI Industries (NYSE:LCII) last posted its earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.90. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm had revenue of $968.00 million for the quarter, compared to analyst estimates of $963.02 million. During the same quarter in the prior year, the company earned $0.29 EPS. LCI Industries’s revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that LCI Industries will post 6.29 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $1.05 per share. The ex-dividend date was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.62%. LCI Industries’s payout ratio is 114.13%.

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.