LCI Industries (NYSE:LCII) Receives Average Rating of “Hold” from Brokerages

LCI Industries (NYSE:LCII) has been given an average rating of “Hold” by the six research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $114.50.

Several equities research analysts have commented on LCII shares. Robert W. Baird dropped their price target on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Baird R W downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Wall Street Zen downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th. Finally, Truist Financial increased their price objective on LCI Industries from $80.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd.

LCI Industries Stock Performance

LCI Industries stock opened at $88.01 on Friday. The company has a market cap of $2.22 billion, a PE ratio of 15.72 and a beta of 1.27. The company has a fifty day moving average price of $84.19 and a two-hundred day moving average price of $96.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.64. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. 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, June 13th. Investors of record on Friday, May 30th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.23%. LCI Industries’s payout ratio is 75.41%.

LCI Industries announced that its Board of Directors has approved a share buyback program on Thursday, May 15th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On LCI Industries

Several institutional investors have recently modified their holdings of LCII. SVB Wealth LLC bought a new position in shares of LCI Industries during the 1st quarter valued at about $28,000. Smartleaf Asset Management LLC raised its stake in shares of LCI Industries by 205.8% during 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 in the last quarter. LRI Investments LLC raised its stake in LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after acquiring an additional 311 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after acquiring an additional 439 shares during the period. Finally, State of Wyoming bought a new stake in LCI Industries in the 1st quarter valued at $46,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Company Profile

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.