LCI Industries (NYSE:LCII) Receives Consensus Rating of "Hold" from Analysts

LCI Industries (NYSE:LCII - Get Free Report) has been assigned an average rating of "Hold" from the six ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $112.50.

Several equities research analysts recently weighed in on LCII shares. Truist Financial cut their target price on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Wall Street Zen cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. CJS Securities upgraded 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. Finally, Robert W. Baird lowered their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th.

LCI Industries Trading Down 1.6%

NYSE LCII traded down $1.42 on Tuesday, reaching $87.42. The stock had a trading volume of 245,949 shares, compared to its average volume of 308,885. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.61 and a beta of 1.26. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The stock has a fifty day moving average price of $83.50 and a two-hundred day moving average price of $98.99.

LCI Industries (NYSE:LCII - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $972.04 million. During the same period last year, the business posted $1.44 EPS. LCI Industries's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.26%. LCI Industries's payout ratio is 75.41%.

LCI Industries announced that its board has initiated a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Trading of LCI Industries

A number of institutional investors and hedge funds have recently modified their holdings of LCII. WBI Investments LLC acquired a new position in LCI Industries in the 1st quarter valued at approximately $400,000. Jane Street Group LLC raised its stake in LCI Industries by 651.1% during the 1st quarter. Jane Street Group LLC now owns 234,864 shares of the company's stock worth $20,534,000 after buying an additional 203,594 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in LCI Industries by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company's stock worth $6,702,000 after purchasing an additional 7,515 shares in the last quarter. Empowered Funds LLC bought a new position in LCI Industries in the first quarter valued at $1,124,000. Finally, Aristeia Capital L.L.C. bought a new stake in shares of LCI Industries in the 1st quarter valued at about $1,443,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About LCI Industries

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.