LCI Industries (NYSE:LCII) Given Consensus Recommendation of “Hold” by Analysts

LCI Industries (NYSE:LCII) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $128.50.

LCII has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Thursday. Loop Capital reissued a “hold” rating and set a $149.00 price target on shares of LCI Industries in a report on Thursday. Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Truist Financial set a $147.00 target price on LCI Industries in a research report on Tuesday. Finally, Roth Mkm boosted their price target on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd.

LCI Industries Trading Down 1.9%

LCI Industries stock opened at $147.06 on Friday. LCI Industries has a 12-month low of $72.31 and a 12-month high of $151.85. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 20.57 and a beta of 1.31. The firm has a 50 day moving average of $123.09 and a 200 day moving average of $107.21. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.53. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $963.96 million. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, research analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s payout ratio is 64.34%.

Hedge Funds Weigh In On LCI Industries

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its holdings in shares of LCI Industries by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 13,751 shares of the company’s stock valued at $1,668,000 after acquiring an additional 181 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in LCI Industries during the fourth quarter worth approximately $87,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in LCI Industries during the fourth quarter valued at approximately $27,142,000. Curated Wealth Partners LLC raised its position in LCI Industries by 30.3% during the fourth quarter. Curated Wealth Partners LLC now owns 2,925 shares of the company’s stock valued at $355,000 after purchasing an additional 681 shares during the period. Finally, Congress Asset Management Co. lifted its stake in shares of LCI Industries by 2.1% in the 4th quarter. Congress Asset Management Co. now owns 55,107 shares of the company’s stock valued at $6,687,000 after purchasing an additional 1,158 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.