LCI Industries’ (NYSE:LCII – Get Ratings) stock has been assigned an average “moderate buy” rating by the eight brokerage firms that trade the stock, according to Marketbeat Ratings. Three research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The average annual price target for brokers who published stock reports last year is $118.14.
Several brokerage firms have recently commented on LCII. Roth Mkm downgraded LCI Industries’ stock from ‘buy’ to ‘neutral’ in a report on Wednesday, February 15, lowering his price target from $137.00 to his $114.00. Roth Capital restated its “buy” rating and issued his $114.00 price target (down from $137.00) on LCI Industries’ stock in its Wednesday, Feb. 15 research report. Robert W. Baird raised his price target for LCI Industries from $120.00 to his $130.00, giving it an “outperform” rating in a research report on Wednesday, Feb. 15. Jefferies Financial Group downgraded LCI Industries’ stock from a ‘buy’ rating to a ‘hold’ rating and lowered its price target to $95.00 from $120.00 in a research report on Friday, January 20. Finally, Trust Financial raised its price target for LCI Industries from $125.00 to $130.00 in a research report on Friday, February 17th.
LCI Industries deals down 5.5%
Shares of LCI Industries opened at $105.67 on Friday. The company has a 50-day moving average price of $110.38 and a 200-day moving average price of $105.49. LCI Industries has a 52-week low of $89.28 and a 52-week high of $139.89. The company has a debt to equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 3.30. The company has a market capitalization of $2.66 billion, a price/earnings ratio of 6.82 and a beta of 1.46.
LCI Industries (NYSE: LCII – Get Rating) announced final results on Tuesday, February 14. The company reported his earnings per share (EPS) for the quarter ($0.68), missing analyst consensus expectations of $0.30 ($0.98). LCI Industries had a return on equity of 28.95% and a net profit margin of 7.59%. The company posted revenue of $894.35 million for the quarter, compared to analyst expectations of $912.46 million. In the same quarter last year, the company earned his EPS of $3.22. The company’s quarterly revenue fell 26.3% compared to the same quarter last year. Research analysts expect LCI Industries to post 7.85 EPS this year.
International Association Industry Dividend Announcement
The company recently announced a quarterly dividend payable on Friday, March 24th. Dividends of $1.05 will be issued to shareholders of record on Friday, March 10. The ex-dividend date is Thursday, March 9. This represents his $4.20 dividend and his 3.97% yield on an annualized basis. LCI Industries’ dividend payout ratio (DPR) is currently at 27.11%.
Institutional investors focus on the LCI industry
Several large investors have recently changed positions in LCII. CWM LLC increased his LCI Industries position by 120.2% in the third quarter. CWM LLC now owns 251 shares of the company worth $25,000 after purchasing an additional 137 of his shares last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in LCI Industries for his $26,000 in the second quarter. Eagle Bay Advisors LLC acquired new shares of LCI Industries in the second quarter for $28,000. Denali Advisors LLC acquired new shares of LCI Industries in the third quarter for $30,000. Finally, Quantbot Technologies LP acquired a new stake in his LCI Industries in the third quarter for $39,000. An institutional investor owns his 99.19% of the company’s shares.
About LCI Industries
LCI Industries manufactures, supplies and distributes components for recreational vehicle and industrial housing original equipment manufacturers (OEMs). It operates through OEM and aftermarket segments. The OEM segment offers components for trailers, trucks, pontoon boats, trains, manufactured homes and modular homes used to carry buses, boats, livestock, equipment and other cargo.
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