Analysts Set LCI Industries (NYSE:LCII) Target Price at $112.20

LCI Industries (NYSE:LCII) has earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $112.20.

A number of equities research analysts have recently commented on LCII shares. Truist Financial increased their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James began coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th.

LCI Industries Trading Up 3.1 %

NYSE:LCII opened at $117.42 on Monday. The company’s 50 day moving average price is $116.10 and its 200-day moving average price is $111.10. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 31.91 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that LCI Industries will post 5.97 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LCII. Quadrature Capital Ltd bought a new position in LCI Industries in the fourth quarter worth approximately $901,000. Optimist Retirement Group LLC bought a new position in LCI Industries in the fourth quarter worth approximately $260,000. Scarborough Advisors LLC bought a new position in LCI Industries in the fourth quarter worth approximately $687,000. SageView Advisory Group LLC raised its position in LCI Industries by 9.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,508 shares of the company’s stock worth $315,000 after acquiring an additional 219 shares during the period. Finally, Vanguard Group Inc. raised its position in LCI Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after acquiring an additional 12,018 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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.