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

LCI Industries (NYSE:LCII) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $104.89 and last traded at $105.09, with a volume of 124977 shares trading hands. The stock had previously closed at $105.85.

Analyst Upgrades and Downgrades

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

LCI Industries Trading Down 1.4 %

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

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company had revenue of $837.54 million for the quarter, compared to analyst estimates of $835.99 million. During the same period last year, the firm earned ($0.68) earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, research analysts predict that LCI Industries will post 5.71 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ARGA Investment Management LP grew its stake in LCI Industries by 144.3% in the first quarter. ARGA Investment Management LP now owns 13,789 shares of the company’s stock valued at $1,697,000 after acquiring an additional 8,144 shares during the period. Washington Capital Management Inc. acquired a new position in LCI Industries in the first quarter valued at about $295,000. Quadrature Capital Ltd acquired a new position in LCI Industries in the fourth quarter valued at about $901,000. PNC Financial Services Group Inc. grew its stake in LCI Industries by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after acquiring an additional 92 shares during the period. Finally, Vanguard Group Inc. grew its stake in LCI Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock valued at $350,129,000 after acquiring an additional 12,018 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.