Analysts Set LCI Industries (NYSE:LCII) Price Target at $113.67

Shares of LCI Industries (NYSE:LCII) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $113.6667.

Several equities research analysts recently issued reports on LCII shares. Loop Capital began coverage on LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 price target for the company. Robert W. Baird upped 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. Truist Financial raised their price target on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Roth Capital boosted their price target on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th.

LCI Industries Trading Up 2.4%

LCII stock opened at $124.27 on Wednesday. LCI Industries has a 52 week low of $72.31 and a 52 week high of $125.00. The company has a market capitalization of $3.01 billion, a PE ratio of 17.38 and a beta of 1.31. The company’s 50-day simple moving average is $113.66 and its 200 day simple moving average is $102.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The firm had revenue of $1 billion during the quarter. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $1.15 per share. The ex-dividend date was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.7%. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

Institutional Investors Weigh In On LCI Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of LCI Industries in the 1st quarter valued at $46,000. Vident Advisory LLC grew its position in LCI Industries by 6.2% in the first quarter. Vident Advisory LLC now owns 7,552 shares of the company’s stock valued at $660,000 after acquiring an additional 442 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in LCI Industries in the first quarter valued at about $7,071,000. Dark Forest Capital Management LP raised its stake in LCI Industries by 691.5% during the first quarter. Dark Forest Capital Management LP now owns 59,111 shares of the company’s stock worth $5,168,000 after acquiring an additional 51,643 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of LCI Industries in the first quarter worth about $588,000. 99.71% of the stock is currently owned by 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.