LCI Industries - LCII Stock Forecast, Price & News

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories. This segment serves OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing, as well as travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers. The Aftermarket segment supplies various components of RV and adjacent industries to retail dealers, wholesale distributors, and service centers. This segment also sells replacement glass and awnings to fulfill insurance claims; and biminis, covers, buoys, and fenders to the marine industry. The company was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. LCI Industries was incorporated in 1984 and is based in Elkhart, Indiana.

LCI Industries Stock Performance

Shares of NYSE:LCII traded up $0.17 during midday trading on Friday, reaching $134.56. 118,463 shares of the company traded hands, compared to its average volume of 217,774. LCI Industries has a 52 week low of $96.32 and a 52 week high of $163.33. The stock has a 50-day moving average price of $120.19 and a 200 day moving average price of $116.15. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.66 and a quick ratio of 0.85. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 6.91 and a beta of 1.44.

LCI Industries (NYSE:LCII - Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $7.71 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $3.23. LCI Industries had a net margin of 8.93% and a return on equity of 41.58%. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The company's revenue was up 64.4% on a year-over-year basis. Sell-side analysts anticipate that LCI Industries will post 19.06 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a dividend of $1.05 per share. This is a boost from LCI Industries's previous quarterly dividend of $0.90. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, June 2nd. LCI Industries's payout ratio is currently 21.56%.

Wall Street Analyst Weigh In

LCII has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on LCI Industries from $175.00 to $155.00 in a research note on Wednesday, May 11th. DA Davidson cut LCI Industries to a "neutral" rating in a research note on Tuesday. Truist Financial cut their target price on LCI Industries to $135.00 in a research note on Thursday, May 26th. MKM Partners began coverage on LCI Industries in a research note on Thursday, May 5th. They issued a "buy" rating and a $153.00 target price on the stock. Finally, StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, August 2nd.

Insider Activity at LCI Industries

In related news, EVP Nick C. Fletcher sold 3,597 shares of LCI Industries stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $117.45, for a total transaction of $422,467.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.