LCI Industries (NYSE:LCII) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research note published on Friday.

A number of other analysts have also recently weighed in on the company. BMO Capital Markets increased their price target on LCI Industries from $80.00 to $85.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, LCI Industries presently has an average rating of “Hold” and an average target price of $103.25.

LCI Industries Trading Up 1.0%

Shares of NYSE LCII opened at $94.50 on Friday. The stock’s 50 day moving average price is $100.07 and its two-hundred day moving average price is $92.22. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The stock has a market capitalization of $2.29 billion, a P/E ratio of 15.78 and a beta of 1.31. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.17. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $2.40 earnings per share. LCI Industries’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio is 76.79%.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCII. GAMMA Investing LLC grew its holdings in LCI Industries by 5,676.2% in the 1st quarter. GAMMA Investing LLC now owns 28,939 shares of the company’s stock worth $2,530,000 after buying an additional 28,438 shares in the last quarter. Impact Capital Partners LLC grew its holdings in LCI Industries by 19.4% in the 1st quarter. Impact Capital Partners LLC now owns 4,256 shares of the company’s stock worth $372,000 after buying an additional 691 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in LCI Industries by 12.2% in the 1st quarter. Wesbanco Bank Inc. now owns 3,043 shares of the company’s stock worth $266,000 after buying an additional 330 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in LCI Industries by 7.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 177,716 shares of the company’s stock worth $15,538,000 after buying an additional 12,000 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in LCI Industries by 4.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,539 shares of the company’s stock worth $1,271,000 after buying an additional 618 shares in the last quarter. 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.