LCI Industries (NYSE:LCII - Get Free Report) has earned a consensus rating of "Hold" from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $112.20.
A number of equities research analysts recently commented on the stock. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Raymond James began coverage on LCI Industries in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock. Finally, Truist Financial increased their price target on LCI Industries from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Friday, September 20th.
Check Out Our Latest Research Report on LCI Industries
LCI Industries Stock Down 0.5 %
NYSE LCII traded down $0.48 during midday trading on Friday, hitting $104.65. 956,112 shares of the company traded hands, compared to its average volume of 229,498. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The company's 50-day simple moving average is $116.47 and its 200-day simple moving average is $113.08. The company has a market cap of $2.66 billion, a PE ratio of 20.36 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.
LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $915.50 million for 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 firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 earnings per share. As a group, equities research analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.
LCI Industries Increases Dividend
The company also recently declared 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.40%. This is a boost from LCI Industries's previous quarterly dividend of $1.05. LCI Industries's payout ratio is currently 89.49%.
Insider Buying and Selling
In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company's stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company's stock.
Hedge Funds Weigh In On LCI Industries
Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of LCI Industries by 6.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,677 shares of the company's stock valued at $277,000 after purchasing an additional 169 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of LCI Industries by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock worth $1,323,000 after acquiring an additional 300 shares in the last quarter. Argent Capital Management LLC purchased a new stake in shares of LCI Industries during the 2nd quarter worth about $201,000. Conestoga Capital Advisors LLC grew its position in shares of LCI Industries by 16.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company's stock valued at $13,325,000 after acquiring an additional 17,845 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of LCI Industries in the 2nd quarter valued at about $539,000. Institutional investors and hedge funds own 99.71% of the company's stock.
About LCI Industries
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Get Free ReportLCI 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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