Analysts Set LCI Industries (NYSE:LCII) Target Price at $128.50

LCI Industries (NYSE:LCII) has received an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $128.50.

Several research firms recently weighed in on LCII. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Robert W. Baird lifted their target price on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Roth Mkm boosted their target price on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Loop Capital reaffirmed a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a report on Thursday, January 22nd. Finally, Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd.

LCI Industries Trading Up 1.3%

Shares of LCI Industries stock opened at $148.04 on Friday. The company has a market capitalization of $3.58 billion, a P/E ratio of 20.70 and a beta of 1.31. The stock has a fifty day simple moving average of $124.74 and a 200 day simple moving average of $107.91. LCI Industries has a 12-month low of $72.31 and a 12-month high of $151.85. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.53. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $963.96 million. During the same period in the previous year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

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

Institutional Trading of LCI Industries

A number of large investors have recently added to or reduced their stakes in LCII. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LCI Industries by 22.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,269 shares of the company’s stock valued at $882,000 after acquiring an additional 1,324 shares during the last quarter. Bayforest Capital Ltd raised its holdings in shares of LCI Industries by 68.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,508 shares of the company’s stock worth $183,000 after purchasing an additional 614 shares during the period. State of Alaska Department of Revenue lifted its stake in LCI Industries by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 13,751 shares of the company’s stock valued at $1,668,000 after purchasing an additional 181 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in LCI Industries during the fourth quarter valued at $87,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in LCI Industries during the fourth quarter valued at $27,142,000. Hedge funds and other institutional investors 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.