LCI Industries (NYSE:LCII - Free Report) had its price objective raised by Truist Financial from $80.00 to $88.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.
A number of other research analysts also recently weighed in on the company. Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Wednesday, February 12th. Finally, Robert W. Baird reduced their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $114.50.
Read Our Latest Stock Report on LCI Industries
LCI Industries Stock Up 0.5%
Shares of LCII stock traded up $0.40 on Tuesday, reaching $88.49. 227,366 shares of the company's stock traded hands, compared to its average volume of 310,241. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market capitalization of $2.23 billion, a P/E ratio of 15.80 and a beta of 1.26. The business's 50 day moving average price is $83.24 and its two-hundred day moving average price is $97.70.
LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $972.04 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. LCI Industries's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.
LCI Industries announced that its Board of Directors has authorized a share repurchase program on Thursday, May 15th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
LCI Industries Dividend Announcement
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 is Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.20%. LCI Industries's payout ratio is 75.41%.
Institutional Trading of LCI Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new position in shares of LCI Industries in the fourth quarter worth about $28,000. SVB Wealth LLC acquired a new position in shares of LCI Industries in the 1st quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of LCI Industries by 205.8% in 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 in the last quarter. LRI Investments LLC lifted its holdings 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 buying an additional 311 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in LCI Industries by 535.4% during 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 in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
About LCI Industries
(
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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.
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