LCI Industries (NYSE:LCII) Given Consensus Recommendation of "Moderate Buy" by Analysts

LCI Industries (NYSE:LCII - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $121.20.

Several equities analysts have weighed in on LCII shares. StockNews.com upgraded LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, February 7th. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a report on Wednesday. Finally, Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research note on Monday.

LCI Industries Price Performance

Shares of NYSE:LCII traded up $1.36 during midday trading on Friday, reaching $109.12. 485,020 shares of the company were exchanged, compared to its average volume of 262,294. The stock has a market cap of $2.78 billion, a PE ratio of 21.23 and a beta of 1.44. The business's fifty day moving average is $106.31 and its two-hundred day moving average is $112.93. LCI Industries has a one year low of $96.18 and a one year high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. As a group, analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $1.15 dividend. The ex-dividend date was Friday, November 29th. This is an increase from LCI Industries's previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 4.22%. LCI Industries's dividend payout ratio (DPR) is currently 89.49%.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On LCI Industries

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in LCI Industries by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,071 shares of the company's stock valued at $1,351,000 after buying an additional 297 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of LCI Industries in the second quarter valued at approximately $2,454,000. SG Americas Securities LLC grew its stake in LCI Industries by 98.2% in the third quarter. SG Americas Securities LLC now owns 7,571 shares of the company's stock worth $913,000 after purchasing an additional 3,752 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in LCI Industries by 56.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,081 shares of the company's stock worth $974,000 after purchasing an additional 2,900 shares during the period. Finally, GAMMA Investing LLC raised its position in LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $66,000 after purchasing an additional 272 shares in the last quarter. 99.71% of the stock is owned by 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.