Brokerages Set LCI Industries (NYSE:LCII) Price Target at $111.60

LCI Industries (NYSE:LCIIGet Free Report) has been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $111.60.

Several equities research analysts have commented on LCII shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $100.00 price target (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Truist Financial dropped their target price on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Baird R W downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. Finally, CJS Securities raised 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.

Get Our Latest Stock Analysis on LCII

Hedge Funds Weigh In On LCI Industries

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after acquiring an additional 247 shares during the last quarter. LRI Investments LLC grew its holdings in shares of LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after buying an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the third quarter valued at about $49,000. Headlands Technologies LLC purchased a new position in shares of LCI Industries in the fourth quarter worth about $59,000. Finally, Blue Trust Inc. boosted its position in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of LCII stock opened at $78.76 on Friday. The business has a fifty day moving average of $88.85 and a 200 day moving average of $103.34. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. 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 firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 1.36.

LCI Industries (NYSE:LCIIGet Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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%. As a group, research analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.84%. The ex-dividend date was Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

About LCI Industries

(Get Free Report

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.

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Analyst Recommendations for LCI Industries (NYSE:LCII)

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