LCI Industries (NYSE:LCII) Given Average Rating of “Reduce” by Brokerages

Shares of LCI Industries (NYSE:LCII) have earned a consensus rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $104.80.

Separately, Roth Mkm upped their price objective on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday, May 13th.

Institutional Trading of LCI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in LCI Industries by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after buying an additional 92 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of LCI Industries by 3.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,469 shares of the company’s stock worth $290,000 after purchasing an additional 93 shares during the period. HM Payson & Co. grew its holdings in LCI Industries by 6.4% during the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. Janney Montgomery Scott LLC raised its position in LCI Industries by 0.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock worth $1,784,000 after purchasing an additional 111 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in LCI Industries by 4.6% in the fourth quarter. QRG Capital Management Inc. now owns 2,567 shares of the company’s stock worth $323,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of NYSE LCII opened at $101.52 on Friday. The company has a market cap of $2.58 billion, a P/E ratio of 27.59 and a beta of 1.42. LCI Industries has a 52-week low of $98.92 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. The firm’s fifty day moving average is $106.09 and its two-hundred day moving average is $113.71.

LCI Industries (NYSE:LCII) last issued its earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $963.02 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, analysts anticipate that LCI Industries will post 6.31 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a yield of 4.14%. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

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.