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

Shares of LCI Industries (NYSE:LCII) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $112.20.

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

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value 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 approximately $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently modified their holdings of LCII. LRI Investments LLC acquired a new stake in LCI Industries during the 1st quarter worth approximately $46,000. Blue Trust Inc. grew its stake in 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 period. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the third quarter worth $49,000. GAMMA Investing LLC raised 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 acquiring an additional 272 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after acquiring an additional 370 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Trading Down 0.6 %

Shares of LCII stock opened at $122.50 on Tuesday. The stock has a market cap of $3.12 billion, a P/E ratio of 23.83 and a beta of 1.41. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The business has a fifty day simple moving average of $117.61 and a 200-day simple moving average of $112.50.

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

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.15 per share. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, November 29th. LCI Industries’s dividend payout ratio is presently 81.71%.

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.