LCI Industries (NYSE:LCII) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of LCI Industries (NYSE:LCII) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $112.20.

A number of research analysts have recently issued reports on LCII shares. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial raised their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LCII. Blue Trust Inc. boosted its position in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares in the last quarter. LRI Investments LLC bought a new stake in shares of LCI Industries during the 1st quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries in the 3rd quarter worth about $49,000. GAMMA Investing LLC increased its stake in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after acquiring an additional 370 shares during the period. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Up 4.9 %

Shares of LCII opened at $126.83 on Tuesday. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $117.37 and a two-hundred day simple moving average of $112.22. The firm has a market cap of $3.23 billion, a P/E ratio of 24.68 and a beta of 1.41.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. On average, analysts forecast that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 3.63%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is 81.71%.

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.