Brokerages Set LCI Industries (NYSE:LCII) Price Target at $121.50

LCI Industries (NYSE:LCII - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $121.50.

LCII has been the topic of several recent research reports. StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, February 15th. Truist Financial boosted their price target on LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a report on Monday, February 10th. Finally, CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Wednesday, February 12th.

Hedge Funds Weigh In On LCI Industries

Hedge funds have recently made changes to their positions in the business. Strategic Financial Concepts LLC purchased a new position in LCI Industries during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its stake in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after buying an additional 247 shares during the last quarter. LRI Investments LLC lifted its stake in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after buying an additional 311 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the third quarter worth $49,000. Finally, Headlands Technologies LLC acquired a new stake in shares of LCI Industries in the fourth quarter worth $59,000. Institutional investors and hedge funds own 99.71% of the company's stock.

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LCI Industries Price Performance

Shares of NYSE:LCII traded down $1.52 during trading on Thursday, hitting $98.31. 333,890 shares of the stock were exchanged, compared to its average volume of 224,749. The company has a fifty day moving average price of $104.36 and a two-hundred day moving average price of $112.06. The company has a market cap of $2.50 billion, a PE ratio of 17.56 and a beta of 1.45. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. LCI Industries has a 12-month low of $95.09 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 4.68%. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.

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.