LCI Industries (NYSE:LCII) has been given a buy rating by Truist Securities according to a report released on May 25, 2023. The one-year price target for the stock is $125.33, indicating a potential upside of 13.60% from its current market price of $110.33.
The company declared a quarterly dividend of $1.05 per share ($4.20 annualized) on May 18, 2023. The dividend yield for the stock is currently 3.81%, which is 1.50 standard deviations above its historical average. However, the dividend payout ratio for the company is 0.52, indicating that it retains some earnings for future growth prospects.
LCI Industries supplies components to the leading OEMs in the recreation and transportation product markets, including recreational vehicles, buses, boats, trucks, trains, manufactured homes, and modular housing. The company’s products include chassis, suspension solutions, thermoformed bath and kitchen products, windows, stabilizer and leveling systems, furniture, and more.
As of the last quarter, there are 610 funds or institutions holding positions in LCI Industries. Some of the top shareholders of the company include Kayne Anderson Rudnick Investment Management, iShares Core S&P Small-Cap ETF, Jpmorgan Chase, and Neuberger Berman Group.
LCI Industries has reported an estimated annual revenue of 4,679MM, which represents a 3.16% increase. Additionally, the projected annual non-GAAP EPS is 11.55.
This story originally appeared on Fintel.
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