LCI Industries (NYSE:LCII) Upgraded to “Buy” at StockNews.com

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

Other equities research analysts have also issued reports about the stock. Raymond James initiated coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Truist Financial upped their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus price target of $112.20.

LCI Industries Trading Up 0.4 %

LCI Industries stock opened at $104.69 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The stock has a market cap of $2.67 billion, a P/E ratio of 20.37 and a beta of 1.44. The firm’s fifty day moving average price is $113.30 and its 200-day moving average price is $113.23.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. Equities research 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 announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.39%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is currently 89.49%.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in LCI Industries by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the period. Principal Financial Group Inc. raised its stake in shares of LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after acquiring an additional 36,487 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of LCI Industries by 2.5% during the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock worth $74,882,000 after purchasing an additional 14,969 shares during the period. Geode Capital Management LLC grew its stake in shares of LCI Industries by 0.3% in the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after purchasing an additional 1,688 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of LCI Industries by 30.5% in the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after purchasing an additional 97,877 shares during the last quarter. 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.