Benchmark Reaffirms Buy Rating for LCI Industries (NYSE:LCII)

Benchmark reiterated their buy rating on shares of LCI Industries (NYSE:LCII) in a research report sent to investors on Wednesday morning, Benzinga reports. Benchmark currently has a $130.00 price objective on the stock.

Separately, Roth Mkm increased their price objective on LCI Industries from $100.00 to $103.00 and gave the stock a neutral rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, LCI Industries has a consensus rating of Hold and an average price target of $109.00.

LCI Industries Price Performance

LCI Industries stock traded down $1.74 during mid-day trading on Wednesday, hitting $111.63. The company’s stock had a trading volume of 206,386 shares, compared to its average volume of 240,082. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36. The stock’s fifty day moving average price is $106.33 and its two-hundred day moving average price is $111.20. The stock has a market capitalization of $2.84 billion, a P/E ratio of 30.33 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63.

LCI Industries (NYSE:LCII) last announced 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 the consensus estimate of $1.05 billion. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. LCI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. Research analysts forecast that LCI Industries will post 6.29 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.76%. LCI Industries’s dividend payout ratio is currently 114.13%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in LCI Industries by 532.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock worth $46,000 after purchasing an additional 314 shares during the last quarter. LRI Investments LLC acquired a new position in LCI Industries in the 1st quarter valued at approximately $46,000. Fidelis Capital Partners LLC acquired a new position in LCI Industries in the 1st quarter valued at approximately $68,000. GAMMA Investing LLC bought a new stake in shares of LCI Industries during the fourth quarter valued at approximately $81,000. Finally, Eagle Bay Advisors LLC boosted its stake in LCI Industries by 88.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock worth $96,000 after buying an additional 359 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

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.