LCI Industries (NYSE:LCII) Receives $101.33 Consensus PT from Analysts

LCI Industries (NYSE:LCII) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $101.33.

A number of equities analysts have recently commented on LCII shares. ValuEngine lowered LCI Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Citigroup increased their price objective on LCI Industries from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Sidoti lowered shares of LCI Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $108.00 in a research report on Thursday, October 31st.

Shares of NYSE LCII traded up $3.74 during trading hours on Friday, hitting $106.36. 6,675 shares of the stock were exchanged, compared to its average volume of 133,257. LCI Industries has a one year low of $59.68 and a one year high of $108.55. The company’s 50 day moving average is $103.11 and its 200 day moving average is $92.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.27 and a quick ratio of 0.96. The firm has a market capitalization of $2.63 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.14 and a beta of 1.43.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. LCI Industries had a net margin of 5.88% and a return on equity of 18.73%. The firm had revenue of $586.20 million during the quarter, compared to analyst estimates of $578.87 million. During the same quarter in the previous year, the business earned $1.33 EPS. The business’s revenue was down 3.0% on a year-over-year basis. Research analysts anticipate that LCI Industries will post 5.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.60 annualized dividend and a yield of 2.44%. LCI Industries’s dividend payout ratio is 44.37%.

In other news, Director David A. Reed sold 3,328 shares of LCI Industries stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $95.03, for a total transaction of $316,259.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Reed sold 500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $95.02, for a total transaction of $47,510.00. The disclosure for this sale can be found here. Insiders sold a total of 9,542 shares of company stock valued at $906,943 in the last quarter. Corporate insiders own 3.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in LCI Industries during the second quarter valued at approximately $45,000. Versant Capital Management Inc raised its holdings in shares of LCI Industries by 41.9% in the 3rd quarter. Versant Capital Management Inc now owns 647 shares of the company’s stock worth $59,000 after buying an additional 191 shares in the last quarter. Anderson Fisher LLC acquired a new position in shares of LCI Industries in the 2nd quarter worth approximately $80,000. Cullen Frost Bankers Inc. lifted its position in shares of LCI Industries by 17.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock worth $85,000 after buying an additional 139 shares during the period. Finally, Quantamental Technologies LLC bought a new position in shares of LCI Industries during the 2nd quarter worth approximately $135,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

About LCI Industries

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 or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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Analyst Recommendations for LCI Industries (NYSE:LCII)

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