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

LCI Industries (NYSE:LCII)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $86.23 and last traded at $88.07, with a volume of 781165 shares trading hands. The stock had previously closed at $88.23.

Analysts Set New Price Targets

LCII has been the topic of a number of recent research reports. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Tuesday. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Finally, Truist Financial upped their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries has an average rating of “Moderate Buy” and a consensus target price of $121.50.

LCI Industries Stock Performance

The stock’s 50-day moving average is $102.05 and its 200-day moving average is $110.33. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 15.71 and a beta of 1.45. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

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

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

Institutional Trading of LCI Industries

A number of hedge funds have recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new position in LCI Industries during the fourth quarter worth $28,000. Smartleaf Asset Management LLC lifted its stake in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the last quarter. LRI Investments LLC lifted its stake in LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in LCI Industries during the third quarter worth $49,000. Finally, Headlands Technologies LLC bought a new position in LCI Industries during the fourth quarter worth $59,000. Institutional investors and hedge funds 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.