LCI Industries (NYSE:LCII) Price Target Cut to $102.00 by Analysts at Truist Financial

LCI Industries (NYSE:LCII) had its price objective lowered by Truist Financial from $108.00 to $102.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently commented on LCII. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.00.

LCI Industries Stock Down 2.1 %

LCI Industries stock opened at $102.43 on Tuesday. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The firm has a market cap of $2.61 billion, a PE ratio of 19.93 and a beta of 1.44. The firm’s 50 day moving average price is $113.02 and its two-hundred day moving average price is $113.25.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping 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 business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same period in the prior year, the business posted $1.02 earnings per share. LCI Industries’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts predict that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is 89.49%.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Trading of LCI Industries

A number of hedge funds have recently bought and sold shares of LCII. Intech Investment Management LLC acquired a new position in shares of LCI Industries during the second quarter valued at about $438,000. Cornercap Investment Counsel Inc. bought a new stake in shares of LCI Industries in the 2nd quarter worth approximately $529,000. Charles Schwab Investment Management Inc. grew its holdings in shares of LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after purchasing an additional 29,192 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of LCI Industries by 5,533.7% during the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock valued at $1,250,000 after purchasing an additional 10,182 shares during the period. Finally, MML Investors Services LLC acquired a new position in shares of LCI Industries in the third quarter valued at $260,000. 99.71% of the stock is 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.