Posted by admin on May 13th, 2022
LCI Industries (NYSE:LCII – Get Rating) – Stock analysts at DA Davidson issued their Q2 2022 earnings per share estimates for LCI Industries in a report released on Thursday, May 12th. DA Davidson analyst B. Rolle forecasts that the company will post earnings of $5.30 per share for the quarter. DA Davidson currently has a “Buy” rating and a $130.00 target price on the stock. DA Davidson also issued estimates for LCI Industries’ FY2023 earnings at $14.50 EPS.
LCI Industries (NYSE:LCII – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $7.71 EPS for the quarter, beating the consensus estimate of $4.99 by $2.72. LCI Industries had a net margin of 8.01% and a return on equity of 37.57%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $2.93 EPS. The business’s quarterly revenue was up 64.4% compared to the same quarter last year.
Several other brokerages have also weighed in on LCII. StockNews.com started coverage on shares of LCI Industries in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Friday. Truist Financial cut their price objective on shares of LCI Industries from $165.00 to $150.00 in a report on Wednesday. MKM Partners started coverage on shares of LCI Industries in a report on Thursday, May 5th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, Robert W. Baird lowered their target price on shares of LCI Industries from $175.00 to $155.00 in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $142.00.
Shares of LCII opened at $111.73 on Friday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 6.94 and a beta of 1.45. LCI Industries has a 1-year low of $96.32 and a 1-year high of $163.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.47 and a quick ratio of 0.75. The company has a 50-day moving average of $109.08 and a 200 day moving average of $130.41.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, March 10th. LCI Industries’s dividend payout ratio is currently 22.37%.
In related news, Director James Gero bought 10,000 shares of LCI Industries stock in a transaction dated Thursday, March 31st. The stock was acquired at an average cost of $105.52 per share, with a total value of $1,055,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kieran M. O’sullivan acquired 5,000 shares of LCI Industries stock in a transaction that occurred on Tuesday, March 8th. The stock was acquired at an average cost of $112.00 per share, with a total value of $560,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 27,515 shares of company stock worth $2,966,138. Corporate insiders own 3.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of LCII. Okabena Investment Services Inc. acquired a new position in shares of LCI Industries during the 4th quarter valued at about $29,000. First Horizon Advisors Inc. bought a new position in shares of LCI Industries during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC bought a new position in LCI Industries in the 4th quarter valued at $34,000. Covestor Ltd acquired a new stake in shares of LCI Industries in the 4th quarter valued at $35,000. Finally, HM Payson & Co. increased its stake in shares of LCI Industries by 869.6% in the 4th quarter. HM Payson & Co. now owns 223 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. 97.77% of the stock is currently owned by institutional investors and hedge funds.
LCI Industries Company Profile (Get Rating)
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.
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