Robert W. Baird Reiterates Neutral Rating for LCI Industries (NYSE:LCII)

Robert W. Baird reissued their neutral rating on shares of LCI Industries (NYSE:LCII - Free Report) in a research report sent to investors on Friday, MarketBeat reports. Robert W. Baird currently has a $100.00 price objective on the stock, down from their prior price objective of $130.00.

A number of other analysts also recently weighed in on the company. Truist Financial increased their price objective on LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a report on Monday, February 10th. CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Monday, March 31st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, LCI Industries currently has a consensus rating of "Hold" and a consensus target price of $117.20.

LCI Industries Stock Performance

Shares of NYSE LCII traded up $4.82 during trading hours on Friday, reaching $79.89. 405,591 shares of the stock were exchanged, compared to its average volume of 268,595. The stock's fifty day simple moving average is $96.55 and its 200 day simple moving average is $107.29. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.29 and a beta of 1.36. LCI Industries has a 52 week low of $72.36 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

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LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating 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 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Friday, March 7th. LCI Industries's payout ratio is 82.14%.

Hedge Funds Weigh In On LCI Industries

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in LCI Industries in the 4th quarter valued at about $26,402,000. Royce & Associates LP grew its stake in LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after acquiring an additional 172,586 shares during the period. Dimensional Fund Advisors LP raised its position in shares of LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock worth $127,904,000 after purchasing an additional 87,764 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of LCI Industries by 29.2% in the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock worth $36,975,000 after purchasing an additional 80,784 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock valued at $301,203,000 after purchasing an additional 56,794 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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.