LCI Industries (NYSE:LCII) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of LCI Industries (NYSE:LCII) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently weighed in on the company. Robert W. Baird lifted their price target on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Thursday, January 22nd. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a research report on Monday, November 3rd. Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Roth Mkm lifted their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, LCI Industries has an average rating of “Hold” and an average price target of $128.50.

LCI Industries Stock Performance

LCII stock opened at $146.82 on Friday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $151.85. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 20.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. The stock’s fifty day moving average is $127.11 and its two-hundred day moving average is $108.89.

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

LCI Industries Dividend Announcement

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

Hedge Funds Weigh In On LCI Industries

Several hedge funds have recently made changes to their positions in LCII. Teacher Retirement System of Texas increased its stake in LCI Industries by 25.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,883 shares of the company’s stock worth $1,084,000 after purchasing an additional 2,380 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of LCI Industries by 2.0% in the second quarter. Nordea Investment Management AB now owns 22,807 shares of the company’s stock worth $2,083,000 after buying an additional 438 shares during the period. Timucuan Asset Management Inc. FL increased its position in shares of LCI Industries by 226.5% in the second quarter. Timucuan Asset Management Inc. FL now owns 35,318 shares of the company’s stock worth $3,221,000 after acquiring an additional 24,500 shares in the last quarter. GAMMA Investing LLC increased its position in shares of LCI Industries by 129.0% in the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock worth $69,000 after acquiring an additional 427 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of LCI Industries during the second quarter valued at approximately $2,914,000. 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.