LCI Industries (NYSE:LCII) Reaches New 12-Month Low – Here’s Why

LCI Industries (NYSE:LCII) hit a new 52-week low during 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and an average target price of $121.50.

LCI Industries Trading Up 0.2 %

The company has a market capitalization of $2.50 billion, a P/E ratio of 17.51 and a beta of 1.44. The company has a 50-day simple moving average of $104.65 and a 200 day simple moving average of $112.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s dividend payout ratio is 82.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares during the period. LRI Investments LLC increased its stake in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after acquiring an additional 311 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the 3rd quarter valued at approximately $49,000. Headlands Technologies LLC bought a new position in LCI Industries during the 4th quarter worth approximately $59,000. Finally, Blue Trust Inc. boosted its stake in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

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.