LCI Industries (NYSE:LCII) Upgraded at StockNews.com

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research report released on Tuesday.

Several other research firms have also recently issued reports on LCII. Truist Financial lifted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, LCI Industries currently has an average rating of “Moderate Buy” and an average price target of $121.50.

LCI Industries Trading Up 0.8 %

LCII opened at $88.99 on Tuesday. The business has a fifty day simple moving average of $102.05 and a 200-day simple moving average of $110.33. LCI Industries has a 52 week low of $86.23 and a 52 week high of $129.38. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.27 billion, a P/E ratio of 15.89 and a beta of 1.45.

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

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.17%. The ex-dividend date is Friday, March 7th. LCI Industries’s dividend payout ratio is presently 82.14%.

Institutional Trading of LCI Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in LCI Industries by 6.1% during 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. increased its position in shares of LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after buying an additional 11,286 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of LCI Industries in the fourth quarter valued at about $266,000. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after acquiring an additional 5,303 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.