LCI Industries (NYSE:LCII) Reaches New 52-Week Low – Here’s What Happened

Shares of LCI Industries (NYSE:LCII) reached a new 52-week low on Wednesday. The stock traded as low as $80.44 and last traded at $80.2010, with a volume of 70360 shares traded. The stock had previously closed at $82.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price on LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. BMO Capital Markets set a $118.00 price target on shares of LCI Industries in a research note on Thursday, August 6th. Zacks Research lowered shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Robert W. Baird set a $119.00 price objective on shares of LCI Industries in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $126.25.

LCI Industries Trading Up 0.1%

The business has a 50-day moving average price of $96.13 and a two-hundred day moving average price of $104.79. The stock has a market capitalization of $1.95 billion, a P/E ratio of 9.33 and a beta of 1.21. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.LCI Industries’s revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the business earned $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, analysts expect that LCI Industries will post 8.45 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is currently 53.49%.

Institutional Trading of LCI Industries

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in LCI Industries by 354.5% in the third quarter. Versant Capital Management Inc now owns 459 shares of the company’s stock valued at $38,000 after acquiring an additional 358 shares during the last quarter. Global Retirement Partners LLC bought a new stake in LCI Industries during the second quarter worth $60,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of LCI Industries in the 2nd quarter valued at $64,000. Assetmark Inc. acquired a new stake in shares of LCI Industries in the 1st quarter valued at $90,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of LCI Industries by 228.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 847 shares of the company’s stock valued at $103,000 after purchasing an additional 589 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Company Profile

LCI Industries, operating primarily through its Lippert subsidiary, is a manufacturer and supplier of components and systems for recreational vehicles, marine vessels and other specialty vehicles. Its products are used by original equipment manufacturers and sold through aftermarket and distribution channels.

The company’s product portfolio includes chassis, axles, suspension systems, slide-out mechanisms, leveling systems, windows, doors, awnings, steps, towing equipment, furniture, mattresses, appliances, electronics and plumbing products.