LCI Industries (NYSE:LCII) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

LCII has been the topic of several other research reports. Truist Financial upped their target price on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a report on Monday. Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Loop Capital began coverage on LCI Industries in a report on Friday, October 31st. They set a “buy” rating and a $116.00 target price on the stock. Finally, Robert W. Baird upped their target price on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $113.67.

LCI Industries Stock Down 0.0%

LCII stock opened at $106.88 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The stock has a market capitalization of $2.59 billion, a P/E ratio of 17.84 and a beta of 1.34. The business has a 50-day moving average of $96.31 and a 200-day moving average of $93.76. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The company had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. On average, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.60 annualized dividend and a yield of 4.3%. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

Institutional Trading of LCI Industries

Hedge funds have recently modified their holdings of the stock. Arizona State Retirement System boosted its holdings in shares of LCI Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock worth $696,000 after buying an additional 103 shares during the period. Covestor Ltd lifted its position in LCI Industries by 10.4% during the third quarter. Covestor Ltd now owns 1,261 shares of the company’s stock worth $118,000 after acquiring an additional 119 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in shares of LCI Industries by 6.3% during the second quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock worth $241,000 after acquiring an additional 145 shares during the period. California State Teachers Retirement System grew its position in shares of LCI Industries by 0.7% in the second quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after purchasing an additional 159 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds 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.