Brokerages Set LCI Industries (NYSE:LCII) PT at $121.50

LCI Industries (NYSE:LCII) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $121.50.

A number of equities research analysts recently commented on LCII shares. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Wednesday, February 12th. Finally, Truist Financial raised their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th.

Institutional Investors Weigh In On LCI Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of LCI Industries by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after buying an additional 29,192 shares during the period. Principal Financial Group Inc. raised its holdings in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after purchasing an additional 11,286 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of LCI Industries during the fourth quarter worth $266,000. Congress Asset Management Co. raised its holdings 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 worth $5,952,000 after purchasing an additional 5,303 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of LCI Industries during the fourth quarter worth $2,394,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Down 1.5 %

NYSE:LCII opened at $98.31 on Thursday. LCI Industries has a 52 week low of $95.09 and a 52 week high of $129.38. The firm has a 50 day moving average of $104.36 and a 200 day moving average of $112.05. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 17.56 and a beta of 1.45.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, March 7th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 4.68%. LCI Industries’s payout ratio is currently 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.