LCI Industries (LCII) Receives Consensus Recommendation of “Hold” from Analysts
LCI Industries (NYSE:LCII) has earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $113.50.
LCII has been the subject of a number of research analyst reports. ValuEngine downgraded shares of LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. Citigroup dropped their price target on shares of LCI Industries from $131.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, June 19th. Zacks Investment Research upgraded shares of LCI Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Robert W. Baird restated a “buy” rating and set a $115.00 price target on shares of LCI Industries in a research note on Wednesday, July 25th. Finally, Northcoast Research restated a “buy” rating on shares of LCI Industries in a research note on Friday, August 17th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new position in shares of LCI Industries during the 2nd quarter worth $119,000. Canandaigua National Bank & Trust Co. acquired a new position in LCI Industries in the 1st quarter valued at $227,000. NumerixS Investment Technologies Inc acquired a new position in LCI Industries in the 2nd quarter valued at $201,000. FNY Investment Advisers LLC acquired a new position in LCI Industries in the 2nd quarter valued at $204,000. Finally, WP Advisors LLC acquired a new position in LCI Industries in the 2nd quarter valued at $207,000. Institutional investors own 96.78% of the company’s stock.
LCI Industries (NYSE:LCII) last released its earnings results on Thursday, August 2nd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. LCI Industries had a net margin of 5.92% and a return on equity of 23.39%. The company had revenue of $684.46 million during the quarter, compared to the consensus estimate of $658.81 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. research analysts anticipate that LCI Industries will post 6.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. LCI Industries’s dividend payout ratio (DPR) is 41.67%.
About LCI Industries
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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