LCI Industries (NYSE:LCII) Hits New 52-Week Low – What’s Next?

LCI Industries (NYSE:LCII) hit a new 52-week low during trading on Monday . The stock traded as low as $85.69 and last traded at $86.35, with a volume of 10810 shares changing hands. The stock had previously closed at $87.40.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LCII shares. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.

LCI Industries Trading Down 1.3 %

The company has a market capitalization of $2.20 billion, a P/E ratio of 15.42 and a beta of 1.45. The company has a 50-day simple moving average of $100.40 and a 200 day simple moving average of $109.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

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

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.33%. LCI Industries’s dividend payout ratio is currently 82.14%.

Institutional Investors Weigh In On LCI Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after acquiring an additional 29,192 shares during the period. Hantz Financial Services Inc. boosted its holdings in LCI Industries by 18.9% during the third quarter. Hantz Financial Services Inc. now owns 6,193 shares of the company’s stock valued at $747,000 after purchasing an additional 983 shares in the last quarter. ARGA Investment Management LP grew its stake in shares of LCI Industries by 3.7% in the 3rd quarter. ARGA Investment Management LP now owns 27,030 shares of the company’s stock valued at $3,258,000 after purchasing an additional 958 shares during the period. Centiva Capital LP acquired a new position in shares of LCI Industries in the 3rd quarter worth approximately $628,000. Finally, Readystate Asset Management LP bought a new position in shares of LCI Industries during the 3rd quarter worth approximately $500,000. Institutional investors own 99.71% of the company’s stock.

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.