LCI Industries (NYSE:LCII) Now Covered by Benchmark

Benchmark assumed coverage on shares of LCI Industries (NYSE:LCII) in a research note released on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $130.00 price target on the stock.

Separately, Roth Mkm raised their price target on LCI Industries from $100.00 to $103.00 and gave the stock a neutral rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $109.00.

LCI Industries Stock Down 5.2 %

NYSE LCII opened at $108.54 on Thursday. LCI Industries has a 52 week low of $96.18 and a 52 week high of $137.07. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 29.49 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $105.77 and a two-hundred day moving average of $111.94.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.90. The firm had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts predict that LCI Industries will post 6.29 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s payout ratio is 114.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LCII. PNC Financial Services Group Inc. raised its position in shares of LCI Industries by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after acquiring an additional 92 shares in the last quarter. HM Payson & Co. raised its holdings in LCI Industries by 6.4% in the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after purchasing an additional 105 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of LCI Industries by 0.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock valued at $1,784,000 after buying an additional 111 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of LCI Industries by 4.6% during the fourth quarter. QRG Capital Management Inc. now owns 2,567 shares of the company’s stock valued at $323,000 after buying an additional 113 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of LCI Industries by 5.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,508 shares of the company’s stock worth $309,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About LCI Industries

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.