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

Key Points

• LCI Industries (NYSE:LCII) has received a consensus recommendation of "Hold" from six analysts, with one sell, four hold, and one buy recommendation.
• Truist Financial raised its target price for LCI Industries from $88.00 to $91.00, maintaining its hold rating.
• LCI Industries recently announced a quarterly dividend of $1.15 per share, representing an annualized yield of 5.3%, and has a dividend payout ratio of 76.79%.

LCI Industries (NYSE:LCII - Get Free Report) has received a consensus rating of "Hold" from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $104.00.

Several equities analysts have recently commented on the company. Truist Financial upped their target price on LCI Industries from $88.00 to $91.00 and gave the company a "hold" rating in a report on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of LCI Industries in a report on Wednesday, October 8th. Wall Street Zen raised LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, BMO Capital Markets increased 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.

LCI Industries Stock Up 0.6%

NYSE:LCII opened at $87.55 on Friday. The firm has a market capitalization of $2.12 billion, a PE ratio of 14.62 and a beta of 1.31. The stock has a 50 day moving average of $98.47 and a 200-day moving average of $92.11. LCI Industries has a 52 week low of $72.31 and a 52 week 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.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The company had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries's dividend payout ratio is 76.79%.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in LCI Industries by 482.2% in the first quarter. Millennium Management LLC now owns 635,540 shares of the company's stock worth $55,565,000 after purchasing an additional 526,378 shares during the period. ARGA Investment Management LP lifted its position in LCI Industries by 1,386.8% in the second quarter. ARGA Investment Management LP now owns 424,374 shares of the company's stock worth $38,699,000 after purchasing an additional 395,831 shares during the period. Boston Partners acquired a new stake in LCI Industries in the first quarter worth approximately $20,721,000. Jane Street Group LLC lifted its position in LCI Industries by 651.1% in the first quarter. Jane Street Group LLC now owns 234,864 shares of the company's stock worth $20,534,000 after purchasing an additional 203,594 shares during the period. Finally, Bank of Montreal Can lifted its position in LCI Industries by 70.4% in the second quarter. Bank of Montreal Can now owns 435,844 shares of the company's stock worth $39,745,000 after purchasing an additional 180,060 shares during the period. 99.71% of the stock is owned by 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.

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