LCI Industries (NYSE:LCII) Stock Rating Lowered by StockNews.com

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

Several other research firms have also weighed in on LCII. Benchmark reiterated a buy rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Raymond James started coverage on LCI Industries in a research report on Tuesday, October 1st. They issued a market perform rating on the stock. Finally, Truist Financial boosted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a hold rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $112.20.

LCI Industries Stock Up 3.1 %

Shares of LCII stock opened at $117.42 on Tuesday. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The stock has a fifty day moving average price of $116.10 and a 200 day moving average price of $111.13. The stock has a market cap of $2.99 billion, a P/E ratio of 31.91 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. Analysts predict that LCI Industries will post 5.97 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.05 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.58%. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently modified their holdings of the stock. Creative Planning raised its position in LCI Industries by 110.8% in the 3rd quarter. Creative Planning now owns 5,761 shares of the company’s stock worth $694,000 after purchasing an additional 3,028 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after buying an additional 272 shares during the period. Handelsbanken Fonder AB increased its stake in shares of LCI Industries by 56.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,081 shares of the company’s stock valued at $974,000 after buying an additional 2,900 shares during the period. SG Americas Securities LLC raised its position in shares of LCI Industries by 98.2% during the third quarter. SG Americas Securities LLC now owns 7,571 shares of the company’s stock worth $913,000 after acquiring an additional 3,752 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of LCI Industries during the second quarter valued at $2,454,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.