LCI Industries (NYSE:LCII) Given Average Recommendation of “Reduce” by Brokerages

LCI Industries (NYSE:LCII) has received an average rating of “Reduce” from the six research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $104.20.

A number of equities analysts have weighed in on the company. Truist Financial restated a “hold” rating and issued a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Robert W. Baird dropped their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Roth Mkm decreased their price objective on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd.

LCI Industries Price Performance

LCII opened at $106.49 on Monday. LCI Industries has a 52-week low of $102.39 and a 52-week high of $137.07. The company has a 50 day moving average of $116.94 and a two-hundred day moving average of $116.16. The company has a market cap of $2.71 billion, a P/E ratio of 42.09 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to analyst estimates of $835.99 million. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.68) earnings per share. On average, analysts expect that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio is currently 166.01%.

Hedge Funds Weigh In On LCI Industries

Several large investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new position in LCI Industries during the 2nd quarter valued at approximately $28,000. Covestor Ltd boosted its holdings in shares of LCI Industries by 85.3% during the first quarter. Covestor Ltd now owns 417 shares of the company’s stock valued at $43,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC acquired a new position in shares of LCI Industries during the fourth quarter valued at $81,000. Point72 Hong Kong Ltd bought a new position in shares of LCI Industries during the second quarter worth about $93,000. Finally, National Bank of Canada FI increased its holdings in shares of LCI Industries by 28.9% in the 3rd quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after acquiring an additional 249 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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.