Brokerages Set LCI Industries (NYSE:LCII) PT at $111.00

LCI Industries (NYSE:LCII) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $111.00.

Several equities analysts recently commented on LCII shares. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a report on Sunday, January 12th. Raymond James initiated coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Truist Financial lowered their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating for the company in a report on Tuesday, January 7th.

LCI Industries Stock Down 0.8 %

Shares of NYSE LCII opened at $106.93 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $111.19 and its two-hundred day moving average is $113.35. LCI Industries has a 52-week low of $96.18 and a 52-week high of $129.38. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 20.80 and a beta of 1.44.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. Research analysts predict that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $1.15 dividend. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 4.30%. LCI Industries’s dividend payout ratio is presently 89.49%.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of LCI Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in LCII. Blue Trust Inc. lifted its stake in 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries during the 3rd quarter valued at about $49,000. GAMMA Investing LLC boosted its position in LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after buying an additional 272 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of LCI Industries by 99.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after purchasing an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of LCI Industries during the second quarter worth approximately $93,000. 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.