Brokerages Set LCI Industries (NYSE:LCII) Price Target at $113.75

LCI Industries (NYSE:LCII) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $115.25.

A number of brokerages recently issued reports on LCII. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. 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.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of LCI Industries

Large investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in LCI Industries during the 4th quarter worth $28,000. Smartleaf Asset Management LLC boosted its stake in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after buying an additional 247 shares during the period. Blue Trust Inc. grew its holdings in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries in the 3rd quarter valued at about $49,000. Finally, GAMMA Investing LLC raised its stake in LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Stock Up 5.8 %

Shares of NYSE LCII opened at $107.94 on Friday. The stock has a market cap of $2.75 billion, a P/E ratio of 21.00 and a beta of 1.44. The business’s fifty day simple moving average is $106.70 and its 200-day simple moving average is $113.02. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. As a group, equities analysts predict that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $1.15 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Friday, November 29th. LCI Industries’s dividend payout ratio is currently 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.