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LCI Industries (NYSE:LCII) Stock Rating Lowered by Wall Street Zen

LCI Industries logo with Auto/Tires/Trucks background

Wall Street Zen lowered shares of LCI Industries (NYSE:LCII - Free Report) from a buy rating to a hold rating in a research note released on Sunday.

Several other research analysts also recently commented on LCII. Truist Financial lifted their target price on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird decreased their price target on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $114.50.

Read Our Latest Research Report on LCI Industries

LCI Industries Stock Down 1.1%

Shares of LCI Industries stock traded down $1.12 during midday trading on Friday, reaching $98.00. 182,320 shares of the company's stock traded hands, compared to its average volume of 318,667. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 16.07 and a beta of 1.26. The company's 50 day simple moving average is $88.40 and its 200 day simple moving average is $93.52. 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 has a 52 week low of $72.31 and a 52 week high of $129.38.

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, beating analysts' consensus estimates of $1.55 by $0.64. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $972.04 million. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. LCI Industries's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. Equities analysts expect 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 outstanding shares. This buyback authorization allows the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $1.15 per share. The ex-dividend date was Friday, May 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.69%. LCI Industries's dividend payout ratio (DPR) is currently 75.41%.

Institutional Trading of LCI Industries

Several institutional investors have recently made changes to their positions in LCII. Smartleaf Asset Management LLC lifted its holdings in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after purchasing an additional 247 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LCI Industries by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock valued at $45,122,000 after purchasing an additional 25,145 shares during the last quarter. Keybank National Association OH lifted its holdings in LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company's stock valued at $315,000 after purchasing an additional 202 shares during the last quarter. Amundi lifted its holdings in LCI Industries by 177.3% during the 4th quarter. Amundi now owns 13,380 shares of the company's stock valued at $1,369,000 after purchasing an additional 8,555 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in LCI Industries by 58.9% during the 4th quarter. AlphaQuest LLC now owns 3,447 shares of the company's stock valued at $356,000 after purchasing an additional 1,278 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About LCI Industries

(Get Free Report)

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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