LCI Industries (NYSE:LCII) Given New $95.00 Price Target at Robert W. Baird

LCI Industries (NYSE:LCII) had its price target lowered by Robert W. Baird from $100.00 to $95.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

LCII has been the topic of a number of other reports. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Wednesday, February 12th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Truist Financial reduced their target price on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.60.

LCI Industries Stock Down 0.3 %

Shares of NYSE LCII opened at $85.50 on Wednesday. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The firm’s 50-day simple moving average is $84.13 and its 200 day simple moving average is $100.88. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 15.27 and a beta of 1.26.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.64. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. LCI Industries’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 earnings per share. On average, research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is currently 82.14%.

Institutional Trading of LCI Industries

A number of institutional investors and hedge funds have recently modified their holdings of LCII. Smartleaf Asset Management LLC grew its holdings in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares during the period. LRI Investments LLC boosted its position in shares of LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the 3rd quarter valued at $49,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after buying an additional 439 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of LCI Industries in the 4th quarter valued at $59,000. 99.71% of the stock is owned by institutional investors.

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.