LCI Industries (NYSE:LCII) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of LCI Industries (NYSE:LCII - Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Several other equities analysts have also commented on LCII. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their price objective on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $112.50.

LCI Industries Stock Down 1.6%

Shares of LCII traded down $1.42 during mid-day trading on Tuesday, hitting $87.42. 245,949 shares of the company's stock were exchanged, compared to its average volume of 308,885. The company has a market cap of $2.21 billion, a PE ratio of 15.61 and a beta of 1.26. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a 50-day simple moving average of $83.50 and a 200 day simple moving average of $98.99. 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 (NYSE:LCII - Get Free Report) 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. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. During the same quarter last year, the firm posted $1.44 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.15 dividend. The ex-dividend date is Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.26%. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

LCI Industries declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in LCI Industries in the 4th quarter worth about $28,000. SVB Wealth LLC bought a new position in LCI Industries during the 1st quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in 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 acquiring an additional 247 shares during the last quarter. LRI Investments LLC grew its position in LCI Industries by 345.6% during the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after buying an additional 439 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

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.