LCI Industries (NYSE:LCII) Sets New 1-Year Low – Here’s Why

LCI Industries (NYSE:LCII) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $91.00 and last traded at $92.32, with a volume of 35071 shares changing hands. The stock had previously closed at $96.07.

Analysts Set New Price Targets

LCII has been the topic of a number of analyst reports. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Wednesday, February 12th. Finally, Truist Financial lifted their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.50.

LCI Industries Price Performance

The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.32 billion, a PE ratio of 16.28 and a beta of 1.45. The stock has a 50-day simple moving average of $103.76 and a 200 day simple moving average of $111.55.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Equities analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.04%. LCI Industries’s payout ratio is 82.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after purchasing an additional 56,794 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after acquiring an additional 87,764 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of LCI Industries by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after acquiring an additional 11,286 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of LCI Industries by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock worth $65,784,000 after acquiring an additional 15,057 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after acquiring an additional 1,688 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.