LCI Industries (NYSE:LCII) Receives Average Rating of "Hold" from Brokerages

Shares of LCI Industries (NYSE:LCII - Get Free Report) have earned a consensus rating of "Hold" from the six research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $114.50.

LCII has been the topic of several research reports. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lowered their price target on 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 lifted their target price on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

LCI Industries Stock Performance

NYSE:LCII opened at $88.01 on Friday. The stock has a 50-day simple moving average of $84.19 and a two-hundred day simple moving average of $96.29. LCI Industries has a 52-week low of $72.31 and a 52-week 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 firm has a market capitalization of $2.22 billion, a PE ratio of 15.72 and a beta of 1.27.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $972.04 million. During the same period in the previous year, the business earned $1.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries announced that its board has approved a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock valued at $301,203,000 after acquiring an additional 56,794 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in LCI Industries by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company's stock valued at $115,961,000 after buying an additional 89,230 shares during the period. Victory Capital Management Inc. boosted its position in shares of LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company's stock worth $60,808,000 after buying an additional 59,233 shares during the period. Principal Financial Group Inc. boosted its position in shares of LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after buying an additional 11,286 shares during the period. Finally, Millennium Management LLC raised its stake in shares of LCI Industries by 482.2% during the first quarter. Millennium Management LLC now owns 635,540 shares of the company's stock valued at $55,565,000 after purchasing an additional 526,378 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

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.

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