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

LCI Industries (NYSE:LCII) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $112.20.

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Raymond James began coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in LCII. American Century Companies Inc. increased its holdings in LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after purchasing an additional 97,877 shares in the last quarter. Royce & Associates LP grew its stake in shares of LCI Industries by 22.5% in the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after buying an additional 68,682 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LCI Industries by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the period. Principal Financial Group Inc. lifted its position in LCI Industries by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after acquiring an additional 36,487 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after acquiring an additional 34,110 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Down 1.6 %

Shares of NYSE:LCII opened at $102.69 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.61 billion, a P/E ratio of 19.98 and a beta of 1.41. LCI Industries has a 52-week low of $96.18 and a 52-week high of $129.96. The stock’s fifty day simple moving average is $115.07 and its 200-day simple moving average is $113.02.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. As a group, equities research analysts forecast that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.48%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

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.