LCI Industries (NYSE:LCII) Given New $108.00 Price Target at Truist Financial

LCI Industries (NYSE:LCII) had its price target boosted by Truist Financial from $102.00 to $108.00 in a research report report published on Monday,Benzinga reports. They currently have a hold rating on the stock.

Separately, StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, LCI Industries has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

LCI Industries Price Performance

Shares of LCII opened at $101.69 on Monday. The company has a market capitalization of $2.59 billion, a P/E ratio of 19.78 and a beta of 1.44. The business’s 50-day moving average is $107.09 and its two-hundred day moving average is $113.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38.

LCI Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.52%. The ex-dividend date was Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is 89.49%.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in LCII. Cibc World Markets Corp purchased a new position in LCI Industries in the fourth quarter valued at $240,000. Royce & Associates LP boosted its position in shares of LCI Industries by 46.1% during the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after acquiring an additional 172,586 shares in the last quarter. Impact Capital Partners LLC acquired a new position in shares of LCI Industries during the 4th quarter worth about $369,000. Swiss National Bank increased its holdings in shares of LCI Industries by 0.8% in the 4th quarter. Swiss National Bank now owns 50,100 shares of the company’s stock valued at $5,180,000 after acquiring an additional 400 shares during the last quarter. Finally, Inspire Advisors LLC raised its position in shares of LCI Industries by 3.6% during the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after acquiring an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.