LCI Industries (NYSE:LCII) Upgraded at StockNews.com

StockNews.com upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other research analysts have also weighed in on the stock. Raymond James assumed coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial lifted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Stock Up 0.4 %

LCII stock opened at $104.69 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The stock’s 50 day simple moving average is $113.30 and its 200 day simple moving average is $113.23. The company has a market cap of $2.67 billion, a P/E ratio of 20.37 and a beta of 1.44.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, research analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.39%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Insider Buying and Selling

In related news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCII. Dimensional Fund Advisors LP boosted its holdings in LCI Industries by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after buying an additional 62,354 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after acquiring an additional 36,487 shares during the period. Victory Capital Management Inc. grew its position in shares of LCI Industries by 2.5% in the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock valued at $74,882,000 after purchasing an additional 14,969 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after purchasing an additional 1,688 shares during the period. Finally, American Century Companies Inc. lifted its holdings in LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after purchasing an additional 97,877 shares in the last quarter. Institutional investors 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.