Brokerages Set LCI Industries (NYSE:LCII) Price Target at $104.20

LCI Industries (NYSE:LCII) has earned an average rating of “Reduce” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $104.20.

LCII has been the subject of several research reports. Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Roth Mkm cut their target price on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Finally, Robert W. Baird cut their target price on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th.

Institutional Investors Weigh In On LCI Industries

A number of institutional investors have recently bought and sold shares of the stock. ARGA Investment Management LP grew its holdings in LCI Industries by 144.3% in the first quarter. ARGA Investment Management LP now owns 13,789 shares of the company’s stock valued at $1,697,000 after purchasing an additional 8,144 shares during the period. Washington Capital Management Inc. purchased a new stake in LCI Industries during the first quarter worth approximately $295,000. Quadrature Capital Ltd purchased a new stake in LCI Industries during the fourth quarter worth approximately $901,000. PNC Financial Services Group Inc. grew its stake in LCI Industries by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after buying an additional 92 shares during the period. Finally, Vanguard Group Inc. grew its stake in LCI Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after buying an additional 12,018 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Trading Down 2.2 %

NYSE:LCII opened at $103.55 on Monday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 40.93 and a beta of 1.40. LCI Industries has a 1 year low of $103.39 and a 1 year high of $137.07. The stock has a fifty day moving average price of $117.11 and a two-hundred day moving average price of $116.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted ($0.68) earnings per share. As a group, sell-side analysts anticipate that LCI Industries will post 5.71 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Thursday, March 7th. LCI Industries’s dividend payout ratio is presently 166.01%.

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.