Analysts Set LCI Industries (NYSE:LCII) Price Target at $103.25

Key Points

• LCI Industries has received a consensus recommendation of "Hold" from analysts, with an average 12-month price target set at $103.25.
• In its latest earnings report, LCI Industries beat consensus earnings expectations with $2.39 EPS on revenue of $1.11 billion, marking a 5.1% year-over-year increase.
• The company has declared a quarterly dividend of $1.15, providing an annual yield of 4.7%, with a payout ratio of 76.79%.

Shares of LCI Industries (NYSE:LCII - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $103.25.

Several research firms have recently issued reports on LCII. BMO Capital Markets lifted their price objective on shares of LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research report on Wednesday, August 6th. Truist Financial lifted their price objective on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Institutional Investors Weigh In On LCI Industries

Large investors have recently bought and sold shares of the business. Entropy Technologies LP bought a new stake in LCI Industries in the first quarter worth $410,000. Teacher Retirement System of Texas increased its position in LCI Industries by 136.5% during the first quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company's stock valued at $831,000 after acquiring an additional 5,484 shares during the last quarter. Russell Investments Group Ltd. increased its position in LCI Industries by 93,707.4% during the first quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company's stock valued at $2,214,000 after acquiring an additional 25,301 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in LCI Industries by 17.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company's stock valued at $7,149,000 after acquiring an additional 10,498 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in LCI Industries by 12.7% during the fourth quarter. Nuveen Asset Management LLC now owns 96,725 shares of the company's stock valued at $10,000,000 after acquiring an additional 10,924 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

LCI Industries Price Performance

Shares of LCI Industries stock traded down $0.36 on Monday, hitting $97.08. 460,679 shares of the company traded hands, compared to its average volume of 240,137. The stock has a market capitalization of $2.35 billion, a P/E ratio of 15.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The business has a 50-day simple moving average of $100.76 and a 200 day simple moving average of $92.00.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.40 earnings per share. Research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, August 29th. LCI Industries's payout ratio is currently 76.79%.

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.