LCI Industries (NYSE:LCII) Price Target Lowered to $102.00 at Truist Financial

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

A number of other analysts have also commented on LCII. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Saturday, January 4th. Raymond James started coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.00.

LCI Industries Trading Down 0.1 %

Shares of LCII opened at $102.25 on Tuesday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 19.89 and a beta of 1.44. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $112.75 and a two-hundred day simple moving average of $113.17.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. On average, research analysts anticipate that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The firm 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 represents a $4.60 annualized dividend and a yield of 4.50%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is presently 89.49%.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the business’s 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 sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LCI Industries in the third quarter worth about $49,000. GAMMA Investing LLC raised its holdings in LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after buying an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after buying an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of LCI Industries during the second quarter valued at approximately $93,000. 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.