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

Shares of LCI Industries (NYSE:LCII - Get Free Report) have received an average recommendation of "Hold" from the six research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $114.50.

A number of equities research analysts have recently commented on the company. Robert W. Baird lowered their price objective 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 report on Sunday. Truist Financial boosted their price target on LCI Industries from $80.00 to $88.00 and gave the company 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 research report on Friday, April 4th.

Institutional Investors Weigh In On LCI Industries

Several institutional investors and hedge funds have recently modified their holdings of LCII. Smartleaf Asset Management LLC boosted its position in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after buying an additional 247 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock worth $45,122,000 after buying an additional 25,145 shares during the period. Keybank National Association OH boosted its position in shares of LCI Industries by 7.1% in the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company's stock worth $315,000 after buying an additional 202 shares during the period. Amundi boosted its position in shares of LCI Industries by 177.3% in the fourth quarter. Amundi now owns 13,380 shares of the company's stock worth $1,369,000 after buying an additional 8,555 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of LCI Industries by 58.9% in the fourth quarter. AlphaQuest LLC now owns 3,447 shares of the company's stock worth $356,000 after buying an additional 1,278 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

Shares of LCII stock opened at $98.57 on Wednesday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The stock has a market cap of $2.49 billion, a PE ratio of 16.16 and a beta of 1.26. The stock has a fifty day moving average price of $89.16 and a 200 day moving average price of $93.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.41 and a current ratio of 2.96.

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, topping analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $972.04 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts forecast 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 buyback program on Thursday, May 15th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's payout ratio is 75.41%.

LCI Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.