Wall Street Zen upgraded shares of LCI Industries (NYSE:LCII - Free Report) from a hold rating to a buy rating in a research note published on Saturday.
Several other equities research analysts have also commented on LCII. Robert W. Baird reduced their price target on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company 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 report on Friday, April 4th. Finally, Truist Financial increased their price target on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, LCI Industries currently has an average rating of "Hold" and an average price target of $114.50.
Read Our Latest Stock Report on LCI Industries
LCI Industries Stock Performance
LCI Industries stock traded up $4.55 during midday trading on Friday, reaching $95.74. 725,069 shares of the company traded hands, compared to its average volume of 316,930. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.96 and a quick ratio of 1.41. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 15.70 and a beta of 1.26. The business has a 50 day moving average of $87.23 and a two-hundred day moving average of $93.75.
LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $972.04 million. During the same period in the prior year, the firm earned $1.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that LCI Industries will post 6.76 earnings per share for the current year.
LCI Industries announced that its board has authorized a share buyback program on Thursday, May 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
LCI Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.80%. LCI Industries's payout ratio is 75.41%.
Hedge Funds Weigh In On LCI Industries
Several institutional investors and hedge funds have recently added to or reduced their stakes in LCII. SVB Wealth LLC acquired a new stake in LCI Industries during the 1st quarter worth about $28,000. Smartleaf Asset Management LLC lifted its position in shares of LCI Industries by 205.8% during the 4th 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 grew its stake in LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after acquiring an additional 311 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after acquiring an additional 439 shares in the last quarter. Finally, State of Wyoming acquired a new position in LCI Industries during the first quarter worth $46,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
LCI Industries Company Profile
(
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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.
Further Reading
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