LCI Industries (NYSE:LCII) Reaches New 1-Year High – Still a Buy?

by · The Cerbat Gem

Shares of LCI Industries (NYSE:LCII – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $121.51 and last traded at $120.9040, with a volume of 234011 shares trading hands. The stock had previously closed at $115.48.

Analysts Set New Price Targets

LCII has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a report on Monday, November 3rd. Wall Street Zen downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Truist Financial raised their price target on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Robert W. Baird boosted their price objective on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and an average price target of $113.67.

View Our Latest Analysis on LCII

LCI Industries Stock Up 4.7%

The firm’s 50 day simple moving average is $101.71 and its 200 day simple moving average is $98.60. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 16.91 and a beta of 1.32. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69.

LCI Industries (NYSE:LCII – Get Free Report) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The business had revenue of $1 billion during the quarter. Sell-side analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently bought and sold shares of LCII. Dimensional Fund Advisors LP increased its stake in LCI Industries by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company’s stock valued at $115,961,000 after buying an additional 89,230 shares during the period. American Century Companies Inc. boosted its holdings in shares of LCI Industries by 7.4% in the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock valued at $81,083,000 after acquiring an additional 59,734 shares in the last quarter. Royce & Associates LP increased its stake in shares of LCI Industries by 8.6% during the third quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock valued at $62,597,000 after acquiring an additional 53,405 shares during the period. Millennium Management LLC raised its holdings in LCI Industries by 482.2% during the first quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock worth $55,565,000 after purchasing an additional 526,378 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in LCI Industries by 1.5% in the second quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock worth $53,772,000 after purchasing an additional 8,942 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Company Profile

(Get Free Report)

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.

Featured Stories