LCI Industries (NYSE:LCII) Sees Strong Trading Volume – Here’s What Happened

Shares of LCI Industries (NYSE:LCII) saw strong trading volume on Tuesday . 301,050 shares were traded during trading, a decline of 18% from the previous session’s volume of 368,951 shares.The stock last traded at $101.2540 and had previously closed at $100.12.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LCII. Benchmark lowered their price target on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Roth Mkm raised shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Wednesday, May 6th. Zacks Research cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Weiss Ratings lowered shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus price target of $145.71.

LCI Industries Price Performance

The business has a 50 day simple moving average of $106.64 and a two-hundred day simple moving average of $123.47. The firm has a market capitalization of $2.46 billion, a P/E ratio of 12.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $2.19 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts expect that LCI Industries will post 8.95 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, May 29th. LCI Industries’s dividend payout ratio (DPR) is currently 56.51%.

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in shares of LCI Industries during the 1st quarter valued at $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock worth $1,290,000 after acquiring an additional 643 shares in the last quarter. Empowered Funds LLC bought a new position in LCI Industries in the first quarter valued at $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in LCI Industries by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after acquiring an additional 7,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in LCI Industries during the second quarter valued at about $1,542,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.