LCI Industries (NYSE:LCII) Hits New 12-Month Low at $104.89

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 traded. The stock had previously closed at $105.85.

Wall Street Analyst Weigh In

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

LCI Industries Stock Down 1.4 %

The firm has a 50 day moving average price of $117.33 and a 200-day moving average price of $116.41. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 41.84 and a beta of 1.40. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62.

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

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio is currently 166.01%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Eagle Bay Advisors LLC purchased a new stake in shares of LCI Industries during the 2nd quarter worth about $28,000. Covestor Ltd boosted its holdings in LCI Industries by 85.3% in the 1st quarter. Covestor Ltd now owns 417 shares of the company’s stock worth $43,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC purchased a new position in LCI Industries in the 4th quarter worth approximately $81,000. Point72 Hong Kong Ltd purchased a new position in LCI Industries in the 2nd quarter worth approximately $93,000. Finally, National Bank of Canada FI boosted its holdings in LCI Industries by 28.9% in the 3rd quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.