Shares of LCI Industries (NYSE:LCII) have been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $101.25.
A number of equities analysts have commented on the stock. CL King downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Jefferies Financial Group set a $106.00 price objective on shares of Churchill Downs and gave the stock a “buy” rating in a research report on Thursday, March 28th. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. ValuEngine raised shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Northcoast Research began coverage on shares of LCI Industries in a research note on Friday, June 14th. They set a “neutral” rating on the stock.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc raised its position in shares of LCI Industries by 2.6% in the third quarter. Vanguard Group Inc now owns 2,418,661 shares of the company’s stock worth $200,265,000 after buying an additional 62,253 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of LCI Industries in the fourth quarter worth $641,000. First Trust Advisors LP raised its position in shares of LCI Industries by 357.7% in the fourth quarter. First Trust Advisors LP now owns 26,028 shares of the company’s stock worth $1,739,000 after buying an additional 20,341 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of LCI Industries by 188.5% in the fourth quarter. New York State Common Retirement Fund now owns 79,635 shares of the company’s stock worth $5,320,000 after buying an additional 52,035 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of LCI Industries by 1.1% in the fourth quarter. BlackRock Inc. now owns 3,606,789 shares of the company’s stock worth $240,934,000 after buying an additional 38,773 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.
LCI Industries stock traded up $2.94 during trading hours on Friday, reaching $90.37. 114,133 shares of the stock were exchanged, compared to its average volume of 146,645. The stock has a market capitalization of $2.19 billion, a PE ratio of 15.42, a P/E/G ratio of 0.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.06 and a current ratio of 2.57. LCI Industries has a 52-week low of $59.68 and a 52-week high of $102.22. The company’s 50 day moving average price is $88.65.
LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.03. The company had revenue of $592.20 million during the quarter, compared to the consensus estimate of $585.65 million. LCI Industries had a net margin of 5.61% and a return on equity of 18.94%. LCI Industries’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities research analysts anticipate that LCI Industries will post 5.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 6th. This is a boost from LCI Industries’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.88%. LCI Industries’s dividend payout ratio is 44.37%.
About LCI Industries
LCI Industries, together 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.
Further Reading: Why do corrections happen?
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.