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

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

Analyst Ratings Changes

A number of analysts recently commented on LCII shares. Truist Financial increased their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Three 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

LCI Industries Trading Down 0.2 %

The business has a 50 day simple moving average of $102.60 and a 200-day simple moving average of $110.64. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 15.73 and a beta of 1.45.

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

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.22%. LCI Industries’s dividend payout ratio is presently 82.14%.

Institutional Investors Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of LCI Industries in the 4th quarter valued at approximately $26,402,000. Royce & Associates LP increased its holdings in shares of LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock valued at $56,515,000 after acquiring an additional 172,586 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LCI Industries by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock valued at $127,904,000 after acquiring an additional 87,764 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of LCI Industries by 29.2% in the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock valued at $36,975,000 after acquiring an additional 80,784 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock valued at $301,203,000 after acquiring an additional 56,794 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.