Brokerages Set LCI Industries (NYSE:LCII) Target Price at $114.50

LCI Industries (NYSE:LCII - Get Free Report) has earned an average rating of "Hold" from the six research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $114.50.

Several equities research analysts recently commented on LCII shares. Robert W. Baird cut their price target 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. Truist Financial boosted their target price on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th.

Institutional Trading of LCI Industries

A number of hedge funds have recently bought and sold shares of LCII. Covestor Ltd boosted its holdings in shares of LCI Industries by 15.7% during the 1st quarter. Covestor Ltd now owns 885 shares of the company's stock worth $77,000 after purchasing an additional 120 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in LCI Industries by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock worth $268,000 after buying an additional 130 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in LCI Industries by 45.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock valued at $47,000 after buying an additional 167 shares in the last quarter. Keybank National Association OH grew its holdings in LCI Industries by 7.1% in the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company's stock valued at $315,000 after buying an additional 202 shares in the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock worth $611,000 after acquiring an additional 206 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Price Performance

NYSE LCII traded down $1.97 during trading hours on Friday, reaching $88.49. The company's stock had a trading volume of 393,526 shares, compared to its average volume of 313,599. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 14.51 and a beta of 1.27. The company's 50-day moving average is $84.64 and its two-hundred day moving average is $95.66. 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 1-year low of $72.31 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.55 by $0.64. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. LCI Industries's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. On average, equities analysts predict that LCI Industries will post 6.76 EPS for the current year.

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

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's dividend payout ratio is currently 75.41%.

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.