LCI Industries (NYSE:LCII) Receives $103.25 Average Price Target 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.

Shares of LCI Industries (NYSE:LCII - Get Free Report) have earned a consensus rating of "Hold" from the six analysts that are currently covering the company, MarketBeat reports. One investment 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 price target among brokerages that have covered the stock in the last year is $103.25.

Several equities research analysts have recently issued reports on LCII shares. BMO Capital Markets raised their price objective on LCI Industries from $80.00 to $85.00 and gave the stock an "underperform" rating in a report on Wednesday, August 6th. Truist Financial raised their price objective on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Wall Street Zen cut LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Robert W. Baird decreased their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th.

LCI Industries Price Performance

NYSE:LCII traded down $2.06 during trading hours on Thursday, reaching $103.36. 150,098 shares of the company traded hands, compared to its average volume of 278,023. The firm's 50-day moving average is $99.35 and its 200-day moving average is $92.34. The stock has a market cap of $2.51 billion, a P/E ratio of 17.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.17. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the firm earned $2.40 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, August 29th. LCI Industries's dividend payout ratio (DPR) is 76.79%.

LCI Industries declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 15th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of LCI Industries in the 2nd quarter worth $26,000. SVB Wealth LLC purchased a new position in shares of LCI Industries in the 1st quarter worth $28,000. Signaturefd LLC raised its position in shares of LCI Industries by 591.5% in the 2nd quarter. Signaturefd LLC now owns 325 shares of the company's stock worth $30,000 after buying an additional 278 shares during the period. LRI Investments LLC raised 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 buying an additional 311 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised 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 buying an additional 439 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.