LCI Industries (NYSE:LCII) Upgraded at StockNews.com

StockNews.com upgraded shares of LCI Industries (NYSE:LCII - Free Report) from a hold rating to a buy rating in a report published on Tuesday.

A number of other research firms also recently commented on LCII. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, February 10th. 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, LCI Industries presently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

LCI Industries Stock Down 1.0 %

Shares of NYSE LCII traded down $0.87 during mid-day trading on Tuesday, reaching $87.98. The company had a trading volume of 1,397,225 shares, compared to its average volume of 244,890. LCI Industries has a 52-week low of $86.23 and a 52-week high of $129.38. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.24 billion, a P/E ratio of 15.71 and a beta of 1.45. The firm has a 50 day simple moving average of $101.84 and a two-hundred day simple moving average of $110.13.

Remove Ads

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.23%. LCI Industries's dividend payout ratio is presently 82.14%.

Institutional Trading of LCI Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock valued at $301,203,000 after buying an additional 56,794 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of LCI Industries by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock valued at $127,904,000 after purchasing an additional 87,764 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after purchasing an additional 11,286 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after purchasing an additional 15,057 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company's stock worth $68,090,000 after purchasing an additional 1,688 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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.