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

LCI Industries (NYSE:LCII)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $80.44 and last traded at $80.2010, with a volume of 70360 shares. The stock had previously closed at $82.19.

Analyst Ratings Changes

LCII has been the subject of several analyst reports. Zacks Research cut shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Roth Capital reiterated a “buy” rating and set a $135.00 price target (down from $155.00) on shares of LCI Industries in a research report on Monday, August 10th. Benchmark lowered their price objective on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. BMO Capital Markets set a $118.00 target price on LCI Industries in a research note on Thursday, August 6th. Finally, Stifel Nicolaus decreased their price target on LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and a consensus target price of $126.25.

LCI Industries Stock Performance

The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.31 and a beta of 1.21. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average is $97.11 and its 200-day moving average is $105.34.

LCI Industries (NYSE:LCII) last issued its earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.12. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, analysts predict that LCI Industries will post 8.45 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries’s dividend payout ratio is presently 53.49%.

Institutional Trading of LCI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in LCI Industries in the second quarter valued at approximately $45,200,000. Bank of America Corp DE bought a new position in LCI Industries during the 2nd quarter worth approximately $40,408,000. Principal Financial Group Inc. lifted its position in shares of LCI Industries by 36.7% in the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock worth $80,666,000 after purchasing an additional 176,101 shares during the period. Rice Hall James & Associates LLC acquired a new position in shares of LCI Industries in the 2nd quarter worth approximately $15,105,000. Finally, Amundi bought a new stake in shares of LCI Industries in the 1st quarter valued at $15,843,000. 99.71% of the stock is currently owned by institutional investors.

About LCI Industries

LCI Industries, operating primarily through its Lippert subsidiary, is a manufacturer and supplier of components and systems for recreational vehicles, marine vessels and other specialty vehicles. Its products are used by original equipment manufacturers and sold through aftermarket and distribution channels.

The company’s product portfolio includes chassis, axles, suspension systems, slide-out mechanisms, leveling systems, windows, doors, awnings, steps, towing equipment, furniture, mattresses, appliances, electronics and plumbing products.