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

LCI Industries (NYSE:LCII) shares reached a new 52-week low on Monday . The stock traded as low as $75.72 and last traded at $80.17, with a volume of 878984 shares changing hands. The stock had previously closed at $81.00.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a research report on Friday. CJS Securities upgraded 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. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. Finally, Truist Financial upped their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.20.

LCI Industries Trading Down 3.1 %

The firm has a 50-day simple moving average of $98.29 and a 200-day simple moving average of $108.15. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.01 billion, a PE ratio of 14.25 and a beta of 1.36.

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

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of LCI Industries in the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares in the last quarter. LRI Investments LLC boosted its position in shares of LCI Industries by 345.6% during 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 purchased a new position in shares of LCI Industries during the third quarter worth about $49,000. Finally, Headlands Technologies LLC bought a new position in shares of LCI Industries in the fourth quarter worth approximately $59,000. 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.