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

Shares of LCI Industries (NYSE:LCII - Get Free Report) have been given an average rating of "Hold" by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $114.50.

LCII has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Truist Financial upped their target price on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Finally, Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th.

Institutional Trading of LCI Industries

Several hedge funds have recently added to or reduced their stakes in the business. SVB Wealth LLC bought a new stake in shares of LCI Industries in the 1st quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its position in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after acquiring an additional 247 shares during the period. LRI Investments LLC lifted its position in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 during the period. Finally, State of Wyoming bought a new stake in shares of LCI Industries in the 1st quarter worth approximately $46,000. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Down 0.9%

Shares of NYSE LCII traded down $0.93 during mid-day trading on Wednesday, reaching $100.25. The company had a trading volume of 287,433 shares, compared to its average volume of 320,225. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.41 and a current ratio of 2.96. The stock has a market capitalization of $2.53 billion, a PE ratio of 16.43 and a beta of 1.26. The stock's 50 day moving average is $90.50 and its 200-day moving average is $93.36.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $972.04 million. During the same period in the prior year, the business posted $1.44 earnings per share. LCI Industries's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries announced that its Board of Directors has authorized 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 reacquire up to 13.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 4.59%. LCI Industries's payout ratio is 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.