LCI Industries (NYSE:LCII) Reaches New 52-Week High – Should You Buy?

LCI Industries (NYSE:LCII) hit a new 52-week high during trading on Wednesday . The company traded as high as $123.00 and last traded at $120.9750, with a volume of 58902 shares trading hands. The stock had previously closed at $121.53.

Wall Street Analyst Weigh In

Several analysts have issued reports on LCII shares. Wall Street Zen downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. Roth Capital increased their target price on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Robert W. Baird boosted their price target on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Zacks Research raised LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.67.

LCI Industries Trading Up 1.3%

The company has a market cap of $2.99 billion, a PE ratio of 17.27 and a beta of 1.32. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The business has a 50 day simple moving average of $105.99 and a two-hundred day simple moving average of $100.08.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The firm had revenue of $1 billion during the quarter. On average, analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.7%. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of LCI Industries during the 2nd quarter valued at $26,000. SVB Wealth LLC purchased a new stake in LCI Industries during the first quarter valued at about $28,000. Signaturefd LLC grew its position in LCI Industries by 591.5% during the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after acquiring an additional 278 shares during the period. State of Wyoming acquired a new stake in LCI Industries during the first quarter worth about $46,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 45.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after purchasing an additional 167 shares during the period. 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.