Brokerages Set LCI Industries (NYSE:LCII) PT at $104.20

Shares of LCI Industries (NYSE:LCII) have earned a consensus recommendation of “Reduce” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $104.20.

A number of brokerages have issued reports on LCII. Roth Mkm cut their target price on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Robert W. Baird dropped their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $105.00 to $100.00 in a research note on Monday, January 22nd. Finally, Truist Financial restated a “hold” rating and issued a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a research note on Friday, January 19th.

LCI Industries Stock Performance

NYSE:LCII opened at $103.55 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88. LCI Industries has a 1-year low of $103.39 and a 1-year high of $137.07. The firm has a 50-day moving average of $117.11 and a two-hundred day moving average of $116.24. The stock has a market cap of $2.64 billion, a P/E ratio of 40.93 and a beta of 1.40.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company had revenue of $837.54 million for the quarter, compared to the consensus estimate of $835.99 million. During the same period in the previous year, the business posted ($0.68) EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts expect that LCI Industries will post 5.71 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.05 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 4.06%. LCI Industries’s dividend payout ratio (DPR) is 166.01%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new position in LCI Industries in the 2nd quarter worth approximately $28,000. Covestor Ltd boosted its stake in shares of LCI Industries by 85.3% during the 1st quarter. Covestor Ltd now owns 417 shares of the company’s stock valued at $43,000 after buying an additional 192 shares during the period. GAMMA Investing LLC acquired a new stake in shares of LCI Industries during the 4th quarter valued at $81,000. Point72 Hong Kong Ltd acquired a new stake in shares of LCI Industries during the 2nd quarter valued at $93,000. Finally, National Bank of Canada FI boosted its stake in shares of LCI Industries by 28.9% during the 3rd quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock valued at $131,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

About LCI Industries

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.