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

Shares of LCI Industries (NYSE:LCII) have been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $121.50.

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

Institutional Investors Weigh In On LCI Industries

A number of institutional investors have recently modified their holdings of LCII. Norges Bank acquired a new stake in shares of LCI Industries in the fourth quarter valued at $26,402,000. Royce & Associates LP increased its holdings in LCI Industries by 46.1% during the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after purchasing an additional 172,586 shares during the period. Dimensional Fund Advisors LP increased its holdings in LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after purchasing an additional 87,764 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of LCI Industries by 29.2% in the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock valued at $36,975,000 after buying an additional 80,784 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock valued at $301,203,000 after buying an additional 56,794 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Stock Performance

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

LCI Industries (NYSE:LCII) last posted 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, research analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $1.15 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.04%. LCI Industries’s payout ratio 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.