LCI Industries (NYSE:LCII) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of LCI Industries (NYSE:LCII) from a buy rating to a strong-buy rating in a research report report published on Saturday.

LCII has been the subject of several other reports. Zacks Research raised shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective on the stock in a research report on Monday, November 3rd. Roth Capital increased their target price on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Loop Capital began coverage on LCI Industries in a research report on Friday, October 31st. They set a “buy” rating and a $116.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.67.

LCI Industries Trading Up 0.5%

LCII opened at $108.54 on Friday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 18.12 and a beta of 1.34. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The business has a 50 day simple moving average of $96.45 and a two-hundred day simple moving average of $94.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The company had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s payout ratio is presently 64.34%.

Institutional Investors Weigh In On LCI Industries

Large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings in shares of LCI Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock valued at $696,000 after buying an additional 103 shares during the period. Covestor Ltd lifted its position in shares of LCI Industries by 10.4% in the third quarter. Covestor Ltd now owns 1,261 shares of the company’s stock valued at $118,000 after acquiring an additional 119 shares in the last quarter. SageView Advisory Group LLC lifted its position in shares of LCI Industries by 6.3% in the second quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after acquiring an additional 145 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of LCI Industries by 0.7% in the second quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock worth $2,141,000 after acquiring an additional 159 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of LCI Industries by 45.5% during the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

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.