LCI Industries (NYSE:LCII) Receives $109.00 Average PT from Analysts

Shares of LCI Industries (NYSE:LCII) have been assigned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $109.00.

A number of analysts have commented on LCII shares. Benchmark assumed coverage on shares of LCI Industries in a report on Thursday, July 18th. They set a “buy” rating and a $130.00 target price for the company. Roth Mkm lifted their price target on shares of LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th.

LCI Industries Price Performance

LCII opened at $116.57 on Wednesday. The company has a fifty day moving average price of $105.84 and a two-hundred day moving average price of $111.51. 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 has a 52 week low of $96.18 and a 52 week high of $137.07. The firm has a market capitalization of $2.97 billion, a PE ratio of 31.68 and a beta of 1.42.

LCI Industries (NYSE:LCII) last released its earnings results on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.90. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The firm had revenue of $968.00 million during the quarter, compared to analyst estimates of $963.02 million. During the same quarter in the previous year, the business earned $0.29 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts anticipate that LCI Industries will post 6.29 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $1.05 per share. The ex-dividend date was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.60%. LCI Industries’s dividend payout ratio is 114.13%.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently added to or reduced their stakes in LCII. International Assets Investment Management LLC bought a new stake in LCI Industries in the 4th quarter valued at $2,924,000. Mirae Asset Global Investments Co. Ltd. lifted its position in LCI Industries by 5.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,394 shares of the company’s stock valued at $1,432,000 after acquiring an additional 581 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in LCI Industries by 11.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock valued at $2,451,000 after acquiring an additional 1,953 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in LCI Industries in the 4th quarter valued at $1,597,000. Finally, GAMMA Investing LLC bought a new stake in LCI Industries in the 4th quarter valued at $81,000. 99.71% of the stock is owned by institutional investors.

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.