LCI Industries (NYSE:LCII) Hits New 1-Year Low – Here’s Why

Shares of LCI Industries (NYSE:LCII) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $86.23 and last traded at $88.07, with a volume of 781165 shares trading hands. The stock had previously closed at $88.23.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Finally, Truist Financial raised their target price on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, LCI Industries has a consensus rating of “Moderate Buy” and an average target price of $121.50.

LCI Industries Trading Down 1.0 %

The business’s 50 day moving average is $102.05 and its two-hundred day moving average is $110.33. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.24 billion, a P/E ratio of 15.71 and a beta of 1.45.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after acquiring an additional 247 shares during the period. LRI Investments LLC grew its holdings in LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after acquiring an additional 311 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries during the third quarter worth about $49,000. Headlands Technologies LLC purchased a new position in LCI Industries in the 4th quarter worth about $59,000. Finally, Blue Trust Inc. increased its stake in LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares in 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.