Shares of LCI Industries (NYSE:LCII) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $113.67.
LCII has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of LCI Industries to $135.00 and set an “outperform” rating on the stock in a report on Monday, May 7th. ValuEngine lowered shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Friday. Northcoast Research upgraded shares of LCI Industries from a “sell” rating to a “neutral” rating and set a $94.00 price target on the stock in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, Citigroup dropped their price objective on shares of LCI Industries from $131.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, June 19th.
Shares of LCII stock traded down $1.80 during trading hours on Tuesday, reaching $93.20. 293,677 shares of the stock traded hands, compared to its average volume of 242,644. LCI Industries has a 1-year low of $80.95 and a 1-year high of $132.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 1.07. The firm has a market capitalization of $2.40 billion, a P/E ratio of 16.18 and a beta of 1.01.
LCI Industries (NYSE:LCII) last released its quarterly earnings results on Friday, May 4th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.09). LCI Industries had a net margin of 5.96% and a return on equity of 23.14%. The firm had revenue of $650.00 million for the quarter, compared to analyst estimates of $655.29 million. During the same quarter in the prior year, the firm earned $1.71 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. sell-side analysts predict that LCI Industries will post 7.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Monday, June 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Friday, June 1st. This is a positive change from LCI Industries’s previous quarterly dividend of $0.55. LCI Industries’s dividend payout ratio is currently 41.67%.
In other LCI Industries news, CEO Jason Lippert bought 6,000 shares of the firm’s stock in a transaction on Monday, June 4th. The stock was bought at an average cost of $83.83 per share, with a total value of $502,980.00. Following the completion of the transaction, the chief executive officer now directly owns 213,022 shares of the company’s stock, valued at approximately $17,857,634.26. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, President Scott T. Mereness bought 4,000 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was acquired at an average cost of $85.00 per share, with a total value of $340,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 32,000 shares of company stock worth $2,934,380. Company insiders own 3.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of LCII. BlackRock Inc. boosted its holdings in shares of LCI Industries by 2.5% during the 1st quarter. BlackRock Inc. now owns 3,131,865 shares of the company’s stock worth $326,183,000 after buying an additional 77,672 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of LCI Industries by 7,584.4% during the 1st quarter. Summit Trail Advisors LLC now owns 1,149,508 shares of the company’s stock worth $1,150,000 after buying an additional 1,134,549 shares during the period. Royal Bank of Canada boosted its holdings in shares of LCI Industries by 7.5% during the 1st quarter. Royal Bank of Canada now owns 882,854 shares of the company’s stock worth $91,949,000 after buying an additional 61,583 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of LCI Industries by 6.2% during the 1st quarter. JPMorgan Chase & Co. now owns 838,553 shares of the company’s stock worth $87,335,000 after buying an additional 48,801 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of LCI Industries by 26.3% during the 1st quarter. Handelsbanken Fonder AB now owns 404,253 shares of the company’s stock worth $42,103,000 after buying an additional 84,243 shares during the period. 95.78% of the stock is owned by institutional investors.
About LCI Industries
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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