LCI Industries (NYSE:LCII) Reaches New 12-Month 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 $95.09 and last traded at $95.90, with a volume of 95011 shares changing hands. The stock had previously closed at $97.88.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut 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 note on Wednesday, February 12th. Finally, Truist Financial raised their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $121.50.

LCI Industries Price Performance

The company’s 50-day moving average is $104.65 and its 200-day moving average is $112.35. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 17.51 and a beta of 1.44. 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 released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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 research analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $1.15 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 4.69%. LCI Industries’s payout ratio is presently 82.14%.

Institutional Trading of LCI Industries

Hedge funds have recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its holdings in LCI Industries by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company’s stock valued at $268,000 after buying an additional 130 shares during the last quarter. SkyView Investment Advisors LLC increased its position in LCI Industries by 2.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after acquiring an additional 143 shares during the period. Keybank National Association OH raised its stake in shares of LCI Industries by 7.1% during the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock valued at $315,000 after acquiring an additional 202 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of LCI Industries by 3.6% during the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after purchasing an additional 206 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of LCI Industries by 2.4% in the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after purchasing an additional 223 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About LCI Industries

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.