Brokerages Set LCI Industries (NYSE:LCII) PT at $112.20

Shares of LCI Industries (NYSE:LCII - Get Free Report) have earned an average recommendation of "Hold" from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $112.20.

LCII has been the subject of several research reports. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Truist Financial lifted 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 issued a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Finally, Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They set a "market perform" rating for the company.

Hedge Funds Weigh In On LCI Industries

Several large investors have recently made changes to their positions in LCII. Comerica Bank raised its stake in LCI Industries by 24.1% during the 1st quarter. Comerica Bank now owns 31,784 shares of the company's stock valued at $3,911,000 after purchasing an additional 6,174 shares during the last quarter. Vanguard Group Inc. raised its position in shares of LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company's stock valued at $344,677,000 after buying an additional 15,670 shares during the last quarter. Intech Investment Management LLC acquired a new stake in LCI Industries during the second quarter worth about $438,000. Cornercap Investment Counsel Inc. bought a new position in LCI Industries during the second quarter valued at about $529,000. Finally, International Assets Investment Management LLC increased its stake in LCI Industries by 5,533.7% during the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company's stock valued at $1,250,000 after acquiring an additional 10,182 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Price Performance

Shares of NYSE:LCII traded down $3.70 on Tuesday, reaching $123.00. 108,306 shares of the company traded hands, compared to its average volume of 227,552. The stock has a market capitalization of $3.13 billion, a PE ratio of 24.68 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The company's 50 day moving average is $117.54 and its 200-day moving average is $112.31. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. The firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. As a group, analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.15 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from LCI Industries's previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 3.74%. LCI Industries's dividend payout ratio (DPR) 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.