LCI Industries (NYSE:LCII) Stock Price Expected to Rise, Truist Financial Analyst Says

LCI Industries (NYSE:LCII - Free Report) had its price objective raised by Truist Financial from $80.00 to $88.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

LCII has been the subject of several other research reports. Wall Street Zen lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Robert W. Baird cut their target price on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of "Hold" and a consensus price target of $114.50.

LCI Industries Stock Up 0.8%

Shares of LCI Industries stock traded up $0.67 on Tuesday, hitting $89.17. The company had a trading volume of 207,030 shares, compared to its average volume of 310,603. 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 stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 15.92 and a beta of 1.27. The stock has a 50 day moving average of $83.29 and a 200-day moving average of $97.35. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last released its 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $972.04 million. During the same quarter in the previous year, the company 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 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.15 dividend. The ex-dividend date is Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.16%. LCI Industries's payout ratio is currently 75.41%.

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 repurchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors have recently bought and sold shares of LCII. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries in the 4th quarter valued at $28,000. SVB Wealth LLC acquired a new position in LCI Industries in the first quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its position in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after buying an additional 247 shares in the last quarter. LRI Investments LLC lifted its position in shares of LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after purchasing an additional 311 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock valued at $46,000 after buying an additional 439 shares during the period. Hedge funds and other 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.