Brokerages Set LCI Industries (NYSE:LCII) PT at $104.80

Shares of LCI Industries (NYSE:LCII) have earned an average recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $104.80.

Several equities research analysts recently weighed in on LCII shares. Robert W. Baird reduced their target price on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Roth Mkm boosted their target price on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday, May 13th.

LCI Industries Trading Down 1.4 %

Shares of NYSE LCII opened at $102.88 on Tuesday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 27.96 and a beta of 1.43. The business has a 50 day simple moving average of $109.34 and a 200 day simple moving average of $115.28. LCI Industries has a 52 week low of $102.39 and a 52 week high of $137.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 2.86.

LCI Industries (NYSE:LCII) last posted its earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.90. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm had revenue of $968.00 million during the quarter, compared to analyst estimates of $963.02 million. During the same period in the previous year, the company earned $0.29 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts predict that LCI Industries will post 6.31 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.08%. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of LCI Industries by 532.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock worth $46,000 after buying an additional 314 shares during the last quarter. LRI Investments LLC acquired a new position in shares of LCI Industries during the first quarter worth approximately $46,000. Fidelis Capital Partners LLC acquired a new position in shares of LCI Industries during the first quarter worth approximately $68,000. GAMMA Investing LLC acquired a new position in shares of LCI Industries during the fourth quarter worth approximately $81,000. Finally, Eagle Bay Advisors LLC raised its stake in shares of LCI Industries by 88.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock valued at $96,000 after purchasing an additional 359 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.