LCI Industries’ (LCII) “Neutral” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of LCI Industries (NYSE:LCII) in a report published on Friday morning, Marketbeat reports. The firm currently has a $100.00 target price on the stock, down from their prior target price of $130.00.

A number of other research firms also recently issued reports on LCII. Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, CJS Securities upgraded 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $117.20.

LCI Industries Price Performance

LCI Industries stock opened at $81.78 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 14.60 and a beta of 1.36. The firm has a 50-day moving average of $98.29 and a two-hundred day moving average of $108.15. LCI Industries has a 1 year low of $75.72 and a 1 year high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.62%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Institutional Trading of LCI Industries

Institutional investors have recently modified their holdings of the company. Centiva Capital LP purchased a new stake in LCI Industries during the third quarter valued at approximately $628,000. Readystate Asset Management LP acquired a new position in shares of LCI Industries during the third quarter worth $500,000. Stifel Financial Corp lifted its holdings in shares of LCI Industries by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock valued at $9,952,000 after purchasing an additional 242 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of LCI Industries in the 3rd quarter worth $770,000. Finally, MML Investors Services LLC acquired a new stake in shares of LCI Industries in the 3rd quarter worth $260,000. 99.71% of the stock is currently owned by institutional investors.

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.