LCI Industries (NYSE:LCII) Price Target Cut to $114.00 by Analysts at Truist Financial

LCI Industries (NYSE:LCII) had its target price lowered by Truist Financial from $135.00 to $114.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

A number of other analysts have also recently commented on LCII. Roth Capital raised LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price target for the company in a research report on Wednesday, May 6th. Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Benchmark reduced their price objective on LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Stifel Nicolaus started coverage on LCI Industries in a research note on Tuesday, March 24th. They issued a “buy” rating and a $152.00 price objective for the company. Finally, Robert W. Baird set a $140.00 target price on LCI Industries in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, LCI Industries has a consensus rating of “Hold” and a consensus target price of $142.71.

LCI Industries Price Performance

Shares of LCII stock opened at $100.61 on Wednesday. The company has a market capitalization of $2.44 billion, a P/E ratio of 12.36 and a beta of 1.18. The company’s 50-day simple moving average is $104.27 and its two-hundred day simple moving average is $122.60. LCI Industries has a one year low of $84.33 and a one year high of $159.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.91 and a quick ratio of 1.20.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.LCI Industries’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.19 earnings per share. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, equities analysts anticipate that LCI Industries will post 8.83 EPS for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, May 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.6%. LCI Industries’s dividend payout ratio (DPR) is currently 56.51%.

Institutional Investors Weigh In On LCI Industries

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in LCI Industries by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company’s stock valued at $173,656,000 after acquiring an additional 20,943 shares during the period. M&T Bank Corp raised its stake in shares of LCI Industries by 8,419.2% in the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after acquiring an additional 730,453 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in LCI Industries by 36.7% in the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after purchasing an additional 176,101 shares during the period. Bank of Montreal Can boosted its holdings in LCI Industries by 5.2% in the third quarter. Bank of Montreal Can now owns 458,478 shares of the company’s stock valued at $42,707,000 after purchasing an additional 22,634 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in LCI Industries by 29.0% during the 4th quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company’s stock worth $52,120,000 after purchasing an additional 96,572 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.