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 published on Saturday.

Several other brokerages have also weighed in on LCII. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price objective on shares of LCI Industries in a research report on Wednesday, February 18th. Robert W. Baird set a $150.00 target price on LCI Industries in a research report on Thursday, February 19th. Loop Capital reaffirmed a “hold” rating and issued a $149.00 price target on shares of LCI Industries in a research note on Thursday, January 22nd. Roth Mkm reiterated a “neutral” rating and set a $164.00 price target on shares of LCI Industries in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus price target of $156.67.

LCI Industries Price Performance

Shares of LCII stock opened at $129.03 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 1.14. The firm’s 50-day moving average is $140.77 and its two-hundred day moving average is $117.47. LCI Industries has a 12 month low of $72.31 and a 12 month high of $159.66. The company has a market capitalization of $3.12 billion, a PE ratio of 17.09 and a beta of 1.33.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.20. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $913.04 million. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. During the same quarter in the prior year, the company posted $0.37 EPS. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. Analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a dividend of $1.15 per share. The ex-dividend date is Friday, March 13th. This represents a $4.60 dividend on an annualized basis and a yield of 3.6%. LCI Industries’s dividend payout ratio is 60.93%.

Insiders Place Their Bets

In other news, insider Ryan Richard Smith sold 20,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $147.81, for a total value of $2,956,200.00. Following the sale, the insider directly owned 10,092 shares in the company, valued at approximately $1,491,698.52. This trade represents a 66.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jamie Schnur sold 10,000 shares of LCI Industries stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $144.66, for a total value of $1,446,600.00. Following the completion of the transaction, the insider owned 19,420 shares of the company’s stock, valued at approximately $2,809,297.20. This trade represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,000 shares of company stock worth $13,137,900 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently bought and sold shares of the stock. M&T Bank Corp boosted its stake in shares of LCI Industries by 8,419.2% in the 4th quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after buying an additional 730,453 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of LCI Industries during the fourth quarter worth approximately $27,142,000. Bridgeway Capital Management LLC acquired a new stake in LCI Industries in the second quarter valued at approximately $15,633,000. Frontier Capital Management Co. LLC raised its holdings in LCI Industries by 47.0% in the second quarter. Frontier Capital Management Co. LLC now owns 504,761 shares of the company’s stock valued at $46,029,000 after acquiring an additional 161,472 shares in the last quarter. Finally, FIL Ltd purchased a new position in LCI Industries in the fourth quarter worth approximately $16,660,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.