LCI Industries (NYSE:LCII) Hits New 1-Year Low at $104.89

Shares of LCI Industries (NYSE:LCII) hit a new 52-week low during trading on Wednesday . The stock traded as low as $104.89 and last traded at $105.09, with a volume of 124977 shares changing hands. The stock had previously closed at $105.85.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LCII shares. Robert W. Baird lowered their target price on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Truist Financial restated a “hold” rating and set a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Roth Mkm reduced their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.20.

LCI Industries Price Performance

The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.71 billion, a P/E ratio of 41.70 and a beta of 1.40. The business’s 50-day simple moving average is $116.94 and its two-hundred day simple moving average is $116.16.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same period in the previous year, the company posted ($0.68) earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts expect that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s payout ratio is 166.01%.

Institutional Investors Weigh In On LCI Industries

A number of institutional investors and hedge funds have recently modified their holdings of LCII. Eagle Bay Advisors LLC purchased a new stake in LCI Industries in the second quarter valued at approximately $28,000. Covestor Ltd raised its stake in LCI Industries by 85.3% in the first quarter. Covestor Ltd now owns 417 shares of the company’s stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC purchased a new stake in LCI Industries in the fourth quarter valued at approximately $81,000. Point72 Hong Kong Ltd purchased a new stake in LCI Industries in the second quarter valued at approximately $93,000. Finally, National Bank of Canada FI raised its stake in LCI Industries by 28.9% in the third quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock valued at $131,000 after purchasing an additional 249 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.