LCI Industries (NYSE:LCII) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of LCI Industries (NYSE:LCII) from a buy rating to a hold rating in a research report sent to investors on Sunday.

Several other analysts have also commented on LCII. Truist Financial lowered their price objective on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, LCI Industries currently has an average rating of “Hold” and a consensus target price of $111.00.

LCI Industries Price Performance

Shares of LCI Industries stock opened at $101.94 on Friday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 19.83 and a beta of 1.44. LCI Industries has a one year low of $96.18 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The business’s 50 day simple moving average is $111.80 and its two-hundred day simple moving average is $113.23.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same period in the prior year, the business posted $1.02 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Analysts forecast that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.51%. LCI Industries’s payout ratio is 89.49%.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Trading of LCI Industries

A number of institutional investors and hedge funds have recently bought and sold shares of LCII. American Century Companies Inc. boosted its position in shares of LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after acquiring an additional 97,877 shares during the last quarter. Royce & Associates LP raised its stake in LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after purchasing an additional 68,682 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after purchasing an additional 62,354 shares in the last quarter. Principal Financial Group Inc. lifted its position in LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after buying an additional 34,110 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

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.