LCI Industries (NYSE:LCII) Hits New 1-Year High – Should You Buy?

LCI Industries (NYSE:LCII)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $125.00 and last traded at $123.2250, with a volume of 1566 shares trading hands. The stock had previously closed at $123.81.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LCII shares. Truist Financial boosted their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target on the stock in a research note on Monday, November 3rd. Loop Capital began coverage on LCI Industries in a report on Friday, October 31st. They issued a “buy” rating and a $116.00 price objective for the company. Robert W. Baird increased their target price on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Zacks Research upgraded LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.67.

LCI Industries Price Performance

The stock has a market capitalization of $2.99 billion, a PE ratio of 17.28 and a beta of 1.32. The business has a fifty day moving average price of $109.72 and a 200-day moving average price of $101.32. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The business had revenue of $1 billion for the quarter. Research analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its position in LCI Industries by 25.0% during the second quarter. Teacher Retirement System of Texas now owns 11,883 shares of the company’s stock valued at $1,084,000 after acquiring an additional 2,380 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of LCI Industries by 2.0% in the second quarter. Nordea Investment Management AB now owns 22,807 shares of the company’s stock worth $2,083,000 after buying an additional 438 shares during the last quarter. Dark Forest Capital Management LP raised its position in LCI Industries by 691.5% during the first quarter. Dark Forest Capital Management LP now owns 59,111 shares of the company’s stock valued at $5,168,000 after acquiring an additional 51,643 shares in the last quarter. Timucuan Asset Management Inc. FL grew its position in shares of LCI Industries by 226.5% in the second quarter. Timucuan Asset Management Inc. FL now owns 35,318 shares of the company’s stock valued at $3,221,000 after purchasing an additional 24,500 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of LCI Industries by 129.0% in the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock valued at $69,000 after purchasing an additional 427 shares during the last quarter. 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.