LCI Industries (NYSE:LCII) Given Consensus Recommendation of “Hold” by Analysts

Shares of LCI Industries (NYSE:LCII) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $111.60.

LCII has been the subject of a number of recent research reports. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Truist Financial lowered their price target on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price objective (down from $130.00) on shares of LCI Industries in a research note on Friday, April 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LCII. Charles Schwab Investment Management Inc. grew its position in shares of LCI Industries by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock worth $45,122,000 after buying an additional 25,145 shares during the last quarter. Principal Financial Group Inc. lifted its stake in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after acquiring an additional 11,286 shares during the period. CIBC Asset Management Inc bought a new stake in LCI Industries in the fourth quarter valued at $266,000. Smartleaf Asset Management LLC increased its position in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares during the period. Finally, Congress Asset Management Co. raised its holdings in LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after purchasing an additional 5,303 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII stock opened at $78.19 on Friday. The firm has a 50 day simple moving average of $86.55 and a two-hundred day simple moving average of $102.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market cap of $1.97 billion, a PE ratio of 13.96 and a beta of 1.36. LCI Industries has a one year low of $72.31 and a one year high of $129.38.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.88%. LCI Industries’s payout ratio is presently 82.14%.

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.