LCI Industries (NYSE:LCII) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial raised their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a hold rating in a research note on Friday, September 20th. Benchmark reaffirmed a buy rating and set a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $108.67.

LCI Industries Trading Up 0.4 %

Shares of LCII stock opened at $120.54 on Monday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 32.76 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The company’s fifty day simple moving average is $114.93 and its two-hundred day simple moving average is $110.73.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $1.31 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that LCI Industries will post 6.01 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Friday, August 30th. LCI Industries’s payout ratio is 114.13%.

Institutional Trading of LCI Industries

A number of institutional investors have recently modified their holdings of LCII. Benjamin F. Edwards & Company Inc. lifted its position in LCI Industries by 532.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after buying an additional 314 shares during the period. LRI Investments LLC bought a new position in shares of LCI Industries in the 1st quarter worth about $46,000. Fidelis Capital Partners LLC purchased a new position in LCI Industries during the 1st quarter valued at about $68,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in LCI Industries during the second quarter worth about $93,000. Finally, nVerses Capital LLC grew its holdings in LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after purchasing an additional 100 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.