LCI Industries (NYSE:LCII) Receives Average Rating of “Hold” from Brokerages

LCI Industries (NYSE:LCII) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $111.00.

LCII has been the topic of a number of analyst reports. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Sunday, January 12th. Finally, Truist Financial lowered their target price on LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th.

Insider Buying and Selling

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LCI Industries

A number of institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new stake in shares of LCI Industries in the second quarter worth approximately $438,000. Charles Schwab Investment Management Inc. boosted its stake in LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after purchasing an additional 29,192 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of LCI Industries by 5,533.7% in the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock valued at $1,250,000 after purchasing an additional 10,182 shares during the period. Nordea Investment Management AB purchased a new position in shares of LCI Industries during the fourth quarter worth $2,394,000. Finally, MML Investors Services LLC purchased a new stake in LCI Industries in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.8 %

Shares of LCII stock opened at $106.93 on Wednesday. The firm’s 50-day moving average is $111.19 and its 200-day moving average is $113.35. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 20.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a 52-week low of $96.18 and a 52-week high of $129.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts predict that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $1.15 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.30%. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

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.