LCI Industries (NYSE:LCII) Receives $111.00 Average Price Target from Analysts

Shares of LCI Industries (NYSE:LCII - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $111.00.

Several research firms recently weighed in on LCII. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Sunday. Truist Financial decreased their price objective on shares of LCI Industries from $108.00 to $102.00 and set a "hold" rating for the company in a research report on Tuesday, January 7th. Finally, Raymond James began coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock.

LCI Industries Stock Up 3.8 %

Shares of NYSE LCII traded up $3.83 during mid-day trading on Wednesday, hitting $105.72. The company had a trading volume of 323,702 shares, compared to its average volume of 235,822. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $111.52 and a two-hundred day simple moving average of $113.18. The company has a market capitalization of $2.69 billion, a PE ratio of 20.57 and a beta of 1.44. LCI Industries has a one year low of $96.18 and a one year high of $129.38.

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

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.35%. This is a boost from LCI Industries's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. LCI Industries's payout ratio is 89.49%.

Insider Buying and Selling at LCI Industries

In other 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 sale, 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company's stock.

Institutional Trading of LCI Industries

Several hedge funds have recently added to or reduced their stakes in LCII. Argent Capital Management LLC raised its stake in LCI Industries by 38.7% in the 4th quarter. Argent Capital Management LLC now owns 3,092 shares of the company's stock worth $320,000 after purchasing an additional 863 shares in the last quarter. Private Client Services LLC acquired a new position in LCI Industries in the fourth quarter valued at about $871,000. Nordea Investment Management AB bought a new stake in shares of LCI Industries during the 4th quarter worth approximately $2,394,000. Principal Financial Group Inc. boosted its holdings in shares of LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock valued at $76,202,000 after purchasing an additional 36,487 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of LCI Industries by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company's stock worth $37,607,000 after buying an additional 31,376 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.