LCI Industries (NYSE:LCII) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research report report published on Tuesday.

Other equities analysts also recently issued research reports about the company. Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.50.

LCI Industries Price Performance

LCII stock opened at $88.19 on Tuesday. The company has a market capitalization of $2.25 billion, a P/E ratio of 15.75 and a beta of 1.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. LCI Industries has a 52-week low of $86.56 and a 52-week high of $129.38. The business has a 50-day simple moving average of $102.60 and a two-hundred day simple moving average of $110.64.

LCI Industries (NYSE:LCII) last released 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%. Research analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.22%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. LRI Investments LLC raised its holdings in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of LCI Industries in the 3rd quarter worth approximately $49,000. Headlands Technologies LLC bought a new stake in shares of LCI Industries in the 4th quarter worth approximately $59,000. Finally, Blue Trust Inc. raised its holdings in shares of LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.