StockNews.com upgraded shares of LCI Industries (NYSE:LCII - Free Report) from a hold rating to a buy rating in a report released on Friday morning.
Separately, Truist Financial dropped their target price 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.25.
Read Our Latest Analysis on LCI Industries
LCI Industries Trading Up 6.0 %
Shares of NYSE LCII traded up $6.16 on Friday, reaching $108.14. 362,076 shares of the company traded hands, compared to its average volume of 243,453. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The company has a 50 day moving average of $107.09 and a 200 day moving average of $113.09. 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 stock has a market capitalization of $2.75 billion, a PE ratio of 21.04 and a beta of 1.44.
LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. On average, equities research analysts forecast that LCI Industries will post 5.51 earnings per share for the current fiscal year.
LCI Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $1.15 dividend. This is an increase from LCI Industries's previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 4.25%. LCI Industries's dividend payout ratio (DPR) is 89.49%.
Insider Buying and Selling at LCI Industries
In other news, CEO Jason Lippert sold 10,000 shares of the 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 directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On LCI Industries
Several large investors have recently added to or reduced their stakes in LCII. Royce & Associates LP increased its position in LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock worth $56,515,000 after buying an additional 172,586 shares during the period. Bank of New York Mellon Corp increased its position in LCI Industries by 29.2% in the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock worth $36,975,000 after buying an additional 80,784 shares during the period. Principal Financial Group Inc. increased its position in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock worth $76,202,000 after buying an additional 36,487 shares during the period. Conestoga Capital Advisors LLC increased its position in LCI Industries by 26.5% in the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company's stock worth $19,649,000 after buying an additional 34,110 shares during the period. Finally, Franklin Resources Inc. increased its position in LCI Industries by 11.0% in the third 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 period. 99.71% of the stock is currently owned by institutional investors.
About LCI Industries
(
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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.
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