LCI Industries (NYSE:LCII) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of LCI Industries (NYSE:LCII) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

LCII has been the topic of a number of other reports. Roth Capital lifted their price target on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Loop Capital began coverage on shares of LCI Industries in a report on Friday, October 31st. They issued a “buy” rating and a $116.00 price target on the stock. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.67.

LCI Industries Stock Down 1.8%

LCII opened at $113.67 on Friday. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $122.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The company’s 50-day moving average is $98.91 and its 200 day moving average is $97.25. The firm has a market capitalization of $2.75 billion, a P/E ratio of 18.98 and a beta of 1.34.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The firm had revenue of $1 billion during the quarter. Research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $1.15 dividend. The ex-dividend date is Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 4.0%. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

Institutional Trading of LCI Industries

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in LCI Industries by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company’s stock valued at $115,961,000 after buying an additional 89,230 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of LCI Industries by 7.4% in the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock worth $81,083,000 after acquiring an additional 59,734 shares during the period. Royce & Associates LP boosted its holdings in shares of LCI Industries by 8.6% in the third quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock worth $62,597,000 after acquiring an additional 53,405 shares during the period. Millennium Management LLC grew its position in shares of LCI Industries by 482.2% in the first quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock valued at $55,565,000 after purchasing an additional 526,378 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of LCI Industries by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock valued at $53,772,000 after purchasing an additional 8,942 shares during the period. 99.71% of the stock is currently owned by hedge funds and other 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.