LCI Industries (NYSE:LCII) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of LCI Industries (NYSE:LCII) from a strong-buy rating to a buy rating in a research note released on Saturday.

A number of other equities research analysts also recently issued reports on the company. Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Robert W. Baird boosted their target price on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Loop Capital restated a “hold” rating and set a $149.00 price target on shares of LCI Industries in a report on Thursday, January 22nd. Truist Financial set a $147.00 price objective on shares of LCI Industries in a research note on Tuesday, January 20th. Finally, BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective on the stock in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $128.50.

LCI Industries Stock Performance

Shares of NYSE:LCII opened at $148.11 on Friday. LCI Industries has a 52 week low of $72.31 and a 52 week high of $151.85. The stock has a market capitalization of $3.58 billion, a P/E ratio of 20.72 and a beta of 1.32. The firm has a fifty day simple moving average of $127.83 and a two-hundred day simple moving average of $109.33. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a yield of 3.1%. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors have recently modified their holdings of LCII. Arizona State Retirement System boosted its holdings in shares of LCI Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock valued at $696,000 after purchasing an additional 103 shares during the period. Covestor Ltd increased its holdings in LCI Industries by 10.4% during the 3rd quarter. Covestor Ltd now owns 1,261 shares of the company’s stock worth $118,000 after purchasing an additional 119 shares during the period. GAMMA Investing LLC raised its position in LCI Industries by 17.1% during the 4th quarter. GAMMA Investing LLC now owns 947 shares of the company’s stock valued at $115,000 after purchasing an additional 138 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in shares of LCI Industries by 6.3% in the 2nd quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock worth $241,000 after buying an additional 145 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of LCI Industries by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock worth $2,141,000 after buying an additional 159 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.