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

Key Points

• LCI Industries has received a consensus rating of "Hold" from six research firms, with an average 12-month price objective of $114.50.
• The company reported earnings per share of $2.19 for its last quarter, surpassing analysts' expectations, while revenue increased by 8.0% year-over-year.
• LCI Industries recently announced a $300 million stock buyback plan, indicating the board believes the stock is currently undervalued.

Shares of LCI Industries (NYSE:LCII - Get Free Report) have been assigned a consensus rating of "Hold" from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $108.60.

Several equities analysts recently issued reports on LCII shares. Robert W. Baird decreased their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Truist Financial lifted their price target on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday. Finally, BMO Capital Markets upped their target price on shares of LCI Industries from $80.00 to $85.00 and gave the stock an "underperform" rating in a research note on Wednesday.

Institutional Trading of LCI Industries

A number of institutional investors have recently made changes to their positions in LCII. Covestor Ltd increased its holdings in shares of LCI Industries by 15.7% in the 1st quarter. Covestor Ltd now owns 885 shares of the company's stock valued at $77,000 after purchasing an additional 120 shares during the period. Summit Investment Advisors Inc. increased its holdings in LCI Industries by 5.3% in 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 raised its position in LCI Industries by 45.5% during the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock valued at $47,000 after acquiring an additional 167 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in LCI Industries by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company's stock worth $318,000 after purchasing an additional 208 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in LCI Industries by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company's stock worth $234,000 after buying an additional 238 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Stock Performance

Shares of NYSE:LCII traded down $0.00 during mid-day trading on Friday, reaching $96.03. 86,193 shares of the company traded hands, compared to its average volume of 394,321. The firm has a market cap of $2.42 billion, a PE ratio of 15.72 and a beta of 1.25. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company's 50 day moving average price is $93.85 and its 200-day moving average price is $92.70. 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 (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.40 earnings per share. On average, equities analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 4.8%. LCI Industries's dividend payout ratio is presently 75.41%.

LCI Industries announced that its board has authorized a share buyback program on Thursday, May 15th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.