Truist Financial Boosts LCI Industries (NYSE:LCII) Price Target to $108.00

LCI Industries (NYSE:LCII) had its price objective raised by Truist Financial from $100.00 to $108.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Separately, Benchmark reissued a buy rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $108.67.

LCI Industries Price Performance

Shares of NYSE LCII opened at $120.86 on Friday. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $114.37 and a two-hundred day moving average of $110.57. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 32.84 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. As a group, analysts expect that LCI Industries will post 6 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio is 114.13%.

Institutional Trading of LCI Industries

A number of hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. raised its position in LCI Industries by 532.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after buying an additional 314 shares during the period. LRI Investments LLC acquired a new position in shares of LCI Industries in the 1st quarter valued at about $46,000. Fidelis Capital Partners LLC purchased a new stake in shares of LCI Industries in the first quarter worth approximately $68,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LCI Industries during the second quarter worth approximately $93,000. Finally, nVerses Capital LLC grew its position in LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors 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.