LCI Industries (NYSE:LCII) Receives $104.80 Consensus Target Price from Analysts

LCI Industries (NYSE:LCII) has received a consensus rating of “Reduce” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $104.80.

Separately, Roth Mkm lifted their price target on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th.

LCI Industries Trading Down 1.7 %

Shares of NYSE:LCII opened at $101.59 on Friday. The company has a market cap of $2.59 billion, a PE ratio of 27.61 and a beta of 1.42. The company’s 50 day moving average is $106.44 and its two-hundred day moving average is $113.96. The company has a current ratio of 2.86, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. LCI Industries has a 52 week low of $98.92 and a 52 week high of $137.07.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.54 by $0.90. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The company had revenue of $968.00 million for the quarter, compared to analyst estimates of $963.02 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities analysts predict that LCI Industries will post 6.31 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

Institutional Investors Weigh In On LCI Industries

A number of institutional investors have recently added to or reduced their stakes in LCII. Norges Bank purchased a new stake in shares of LCI Industries during the 4th quarter worth approximately $33,784,000. American Century Companies Inc. raised its position in shares of LCI Industries by 20.3% in the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after buying an additional 50,470 shares during the last quarter. ARGA Investment Management LP lifted its stake in shares of LCI Industries by 144.3% during the 1st quarter. ARGA Investment Management LP now owns 13,789 shares of the company’s stock worth $1,697,000 after purchasing an additional 8,144 shares during the period. International Assets Investment Management LLC purchased a new stake in LCI Industries in the 4th quarter valued at about $2,924,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of LCI Industries by 11.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock valued at $2,451,000 after purchasing an additional 1,953 shares during 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.