Raymond James Begins Coverage on LCI Industries (NYSE:LCII)

Raymond James began coverage on shares of LCI Industries (NYSE:LCII) in a research note published on Tuesday, Marketbeat reports. The brokerage issued a market perform rating on the stock.

Several other research analysts have also recently commented on the company. Benchmark reissued a buy rating and set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. Truist Financial increased their price target on LCI Industries from $100.00 to $108.00 and gave the company a hold rating in a research report on Friday, September 20th. Finally, StockNews.com raised LCI Industries from a hold rating to a buy rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, LCI Industries has a consensus rating of Hold and a consensus price target of $108.67.

LCI Industries Stock Down 1.5 %

LCII stock opened at $118.26 on Tuesday. The business has a 50-day moving average of $115.72 and a 200-day moving average of $111.02. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The stock has a market capitalization of $3.01 billion, a P/E ratio of 32.14 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its quarterly 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. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that LCI Industries will post 6.01 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.55%. LCI Industries’s payout ratio is 114.13%.

Institutional Trading of LCI Industries

A number of hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its stake in shares of LCI Industries by 532.2% during the first 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 period. LRI Investments LLC bought a new position in shares of LCI Industries during the first quarter worth approximately $46,000. Fidelis Capital Partners LLC bought a new position in shares of LCI Industries during the first quarter worth approximately $68,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of LCI Industries during the second quarter worth approximately $93,000. Finally, nVerses Capital LLC increased its stake in shares of LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after purchasing an additional 100 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.