Posted by admin on May 13th, 2022
LCI Industries (NYSE:LCII – Get Rating) – Analysts at Jefferies Financial Group boosted their Q2 2022 EPS estimates for LCI Industries in a note issued to investors on Tuesday, May 10th. Jefferies Financial Group analyst B. Jordan now anticipates that the company will post earnings per share of $5.02 for the quarter, up from their previous forecast of $3.65. Jefferies Financial Group also issued estimates for LCI Industries’ Q3 2022 earnings at $3.75 EPS, FY2022 earnings at $19.79 EPS and Q1 2023 earnings at $3.63 EPS.
LCI Industries (NYSE:LCII – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $7.71 EPS for the quarter, topping the consensus estimate of $4.99 by $2.72. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.40 billion. LCI Industries had a return on equity of 37.57% and a net margin of 8.01%. LCI Industries’s revenue was up 64.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 EPS.
A number of other research analysts also recently commented on LCII. DA Davidson initiated coverage on shares of LCI Industries in a report on Wednesday, April 13th. They issued a “buy” rating and a $130.00 price target for the company. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Friday. Truist Financial decreased their price objective on shares of LCI Industries from $165.00 to $150.00 in a research note on Wednesday. Robert W. Baird decreased their price objective on shares of LCI Industries from $175.00 to $155.00 in a research note on Wednesday. Finally, StockNews.com assumed coverage on shares of LCI Industries in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $142.00.
LCII opened at $111.73 on Friday. The company has a quick ratio of 0.75, a current ratio of 2.47 and a debt-to-equity ratio of 1.00. LCI Industries has a 52 week low of $96.32 and a 52 week high of $163.33. The firm has a 50-day simple moving average of $109.08 and a two-hundred day simple moving average of $130.41. The company has a market capitalization of $2.84 billion, a PE ratio of 6.94 and a beta of 1.45.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors L.P. increased its holdings in LCI Industries by 9.3% in the fourth quarter. Natixis Advisors L.P. now owns 19,077 shares of the company’s stock valued at $2,974,000 after buying an additional 1,630 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of LCI Industries by 10.7% during the third quarter. Advisor Group Holdings Inc. now owns 10,860 shares of the company’s stock worth $1,463,000 after purchasing an additional 1,050 shares in the last quarter. Value Holdings Management CO. LLC increased its stake in shares of LCI Industries by 4.7% during the third quarter. Value Holdings Management CO. LLC now owns 39,572 shares of the company’s stock worth $5,328,000 after purchasing an additional 1,772 shares in the last quarter. FourThought Financial LLC increased its stake in shares of LCI Industries by 16.9% during the fourth quarter. FourThought Financial LLC now owns 759 shares of the company’s stock worth $118,000 after purchasing an additional 110 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of LCI Industries by 1.8% during the third quarter. UBS Asset Management Americas Inc. now owns 27,660 shares of the company’s stock worth $3,724,000 after purchasing an additional 500 shares in the last quarter. 97.77% of the stock is owned by institutional investors.
In related news, Director James Gero acquired 10,000 shares of the stock in a transaction dated Thursday, March 31st. The stock was acquired at an average cost of $105.52 per share, for a total transaction of $1,055,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Lippert acquired 9,265 shares of the stock in a transaction dated Thursday, March 31st. The shares were bought at an average price of $108.00 per share, with a total value of $1,000,620.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 27,515 shares of company stock worth $2,966,138. Corporate insiders own 3.00% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Thursday, March 10th. LCI Industries’s dividend payout ratio (DPR) is presently 22.37%.
About LCI Industries (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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