Brokerages Set LCI Industries (NYSE:LCII) Price Target at $121.50

LCI Industries (NYSE:LCII) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $121.50.

LCII has been the topic of several research analyst reports. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Wednesday, February 12th. Finally, StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th.

Hedge Funds Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in LCII. Janney Montgomery Scott LLC lifted its position in LCI Industries by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 15,459 shares of the company’s stock worth $1,863,000 after buying an additional 258 shares in the last quarter. QRG Capital Management Inc. lifted its position in LCI Industries by 19.0% during the third quarter. QRG Capital Management Inc. now owns 2,384 shares of the company’s stock worth $287,000 after buying an additional 380 shares in the last quarter. Radnor Capital Management LLC lifted its position in LCI Industries by 3.7% during the third quarter. Radnor Capital Management LLC now owns 11,275 shares of the company’s stock worth $1,359,000 after buying an additional 400 shares in the last quarter. Principal Financial Group Inc. lifted its position in LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after buying an additional 36,487 shares in the last quarter. Finally, Atria Investments Inc lifted its position in LCI Industries by 15.0% during the third quarter. Atria Investments Inc now owns 11,418 shares of the company’s stock worth $1,376,000 after buying an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.3 %

LCI Industries stock opened at $91.18 on Thursday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a 52 week low of $89.27 and a 52 week high of $129.38. The business’s 50-day moving average price is $103.76 and its 200 day moving average price is $111.55. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 16.28 and a beta of 1.45.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.04%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

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.