LCI Industries (NYSE:LCII) Stock Price Down 7.1% – Here’s What Happened

Shares of LCI Industries (NYSE:LCII) were down 7.1% during trading on Thursday . The stock traded as low as $98.89 and last traded at $99.16. Approximately 84,534 shares changed hands during trading, a decline of 76% from the average daily volume of 349,055 shares. The stock had previously closed at $106.78.

Analysts Set New Price Targets

Several analysts have recently commented on LCII shares. Zacks Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 price target on shares of LCI Industries in a research report on Wednesday, February 18th. Stifel Nicolaus started coverage on shares of LCI Industries in a research report on Tuesday, March 24th. They set a “buy” rating and a $152.00 price target on the stock. Truist Financial reduced their price target on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $149.29.

LCI Industries Trading Down 2.0%

The company’s 50 day simple moving average is $116.25 and its 200 day simple moving average is $125.59. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 11.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.91 and a quick ratio of 1.20.

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

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $1.15 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.9%. LCI Industries’s payout ratio is 56.51%.

Hedge Funds Weigh In On LCI Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new position in shares of LCI Industries during the third quarter worth $2,440,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of LCI Industries by 21,741.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock worth $16,537,000 after purchasing an additional 135,664 shares in the last quarter. Royce & Associates LP grew its stake in shares of LCI Industries by 8.6% during the third quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock worth $62,597,000 after purchasing an additional 53,405 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of LCI Industries by 563.9% during the third quarter. New York State Common Retirement Fund now owns 51,846 shares of the company’s stock worth $4,829,000 after purchasing an additional 44,037 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of LCI Industries during the fourth quarter worth $27,142,000. Institutional investors and hedge funds 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.