LCI Industries (NYSE:LCII) Given Consensus Recommendation of “Hold” by Brokerages

LCI Industries (NYSE:LCII) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $121.50.

Several research firms have recently issued reports on LCII. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th.

Institutional Trading of LCI Industries

A number of institutional investors have recently modified their holdings of LCII. Strategic Financial Concepts LLC purchased a new position in LCI Industries in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its stake in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after buying an additional 247 shares during the period. LRI Investments LLC increased its position in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after acquiring an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries in the 3rd quarter valued at $49,000. Finally, Headlands Technologies LLC acquired a new position in shares of LCI Industries during the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Down 4.4 %

Shares of LCII stock opened at $87.36 on Monday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.60 and a beta of 1.45. 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 firm has a 50-day moving average price of $100.40 and a 200 day moving average price of $109.29. LCI Industries has a twelve month low of $86.23 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

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.