LCI Industries (NYSE:LCII) Given Consensus Rating of "Hold" by Analysts

Shares of LCI Industries (NYSE:LCII - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $111.60.

A number of brokerages have weighed in on LCII. StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Robert W. Baird reiterated a "neutral" rating and set a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Truist Financial dropped their price objective 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. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Finally, Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCII. Vanguard Group Inc. boosted its stake in shares of LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after acquiring an additional 56,794 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock worth $127,904,000 after purchasing an additional 87,764 shares in the last quarter. Principal Financial Group Inc. grew its holdings in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after purchasing an additional 11,286 shares during the last quarter. Victory Capital Management Inc. grew its holdings in LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock valued at $65,784,000 after purchasing an additional 15,057 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after buying an additional 172,586 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Down 2.5 %

Shares of NYSE LCII traded down $2.00 during mid-day trading on Friday, reaching $76.95. The company had a trading volume of 495,377 shares, compared to its average volume of 290,949. The firm has a 50 day simple moving average of $87.68 and a two-hundred day simple moving average of $102.90. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.94 billion, a P/E ratio of 13.74 and a beta of 1.36.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.98%. LCI Industries's dividend payout ratio is presently 82.14%.

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.