Shares of LCI Industries (NYSE:LCII) have been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $122.50.
Separately, Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Thursday, February 11th.
In other LCI Industries news, insider Ryan Richard Smith sold 4,469 shares of the business’s stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $145.00, for a total transaction of $648,005.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 18th. The stock was sold at an average price of $135.00, for a total transaction of $1,350,000.00. Following the sale, the chief executive officer now directly owns 267,193 shares in the company, valued at approximately $36,071,055. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,316 shares of company stock worth $3,558,580. Insiders own 2.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LCII. KBC Group NV grew its position in LCI Industries by 56.1% during the 3rd quarter. KBC Group NV now owns 23,062 shares of the company’s stock worth $2,451,000 after purchasing an additional 8,288 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in LCI Industries by 201.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,349 shares of the company’s stock valued at $675,000 after acquiring an additional 4,246 shares during the period. Meeder Asset Management Inc. lifted its stake in LCI Industries by 5.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,199 shares of the company’s stock valued at $552,000 after acquiring an additional 289 shares during the period. ARP Americas LP acquired a new stake in LCI Industries during the 3rd quarter valued at approximately $279,000. Finally, Jarislowsky Fraser Ltd lifted its stake in LCI Industries by 48.1% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 347,190 shares of the company’s stock valued at $36,902,000 after acquiring an additional 112,744 shares during the period. 92.53% of the stock is currently owned by institutional investors.
Shares of LCII opened at $140.94 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.06. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 25.72 and a beta of 1.61. The company has a 50-day moving average of $141.92 and a 200 day moving average of $125.80. LCI Industries has a 1-year low of $55.29 and a 1-year high of $154.78.
LCI Industries (NYSE:LCII) last posted its earnings results on Monday, February 8th. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.13. The business had revenue of $783.00 million for the quarter, compared to the consensus estimate of $723.12 million. LCI Industries had a net margin of 5.38% and a return on equity of 17.46%. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, equities analysts anticipate that LCI Industries will post 6.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, March 11th. LCI Industries’s payout ratio is currently 51.37%.
About LCI Industries
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories.
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