LCI Industries (NYSE:LCII) Receives Consensus Rating of "Hold" from Analysts

Key Points

• LCI Industries has received a consensus rating of "Hold" from six brokerages, with one sell rating, four hold ratings, and one buy rating.
• The company's recent earnings report showed $2.39 EPS, exceeding expectations, with a revenue of $1.11 billion, indicating a 5.1% year-over-year increase.
• LCI Industries announced a $300 million stock buyback program, signaling confidence from its Board of Directors in the company's valuation.

LCI Industries (NYSE:LCII - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $103.25.

Several research analysts have recently issued reports on LCII shares. Robert W. Baird lowered their target price 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 upped their target price on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Wall Street Zen cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets upped their target price on shares of LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a report on Wednesday, August 6th.

LCI Industries Price Performance

Shares of LCII opened at $108.01 on Thursday. The firm's fifty day simple moving average is $98.12 and its 200-day simple moving average is $92.52. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.03 and a beta of 1.25.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.17. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the business posted $2.40 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that LCI Industries will post 6.76 EPS 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 buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.3%. LCI Industries's dividend payout ratio (DPR) is currently 76.79%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of LCI Industries by 15.7% in the first quarter. Covestor Ltd now owns 885 shares of the company's stock valued at $77,000 after buying an additional 120 shares during the period. SageView Advisory Group LLC grew its holdings in shares of LCI Industries by 6.3% during the 2nd quarter. SageView Advisory Group LLC now owns 2,445 shares of the company's stock valued at $241,000 after acquiring an additional 145 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of LCI Industries by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 23,483 shares of the company's stock valued at $2,141,000 after purchasing an additional 159 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock worth $47,000 after buying an additional 167 shares during the period. Finally, Zions Bancorporation National Association UT lifted its position in LCI Industries by 1.1% in the second quarter. Zions Bancorporation National Association UT now owns 15,309 shares of the company's stock worth $1,396,000 after purchasing an additional 171 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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