LCI Industries (NYSE:LCII) Hits New 52-Week Low - Should You Sell?

LCI Industries (NYSE:LCII - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $86.23 and last traded at $88.07, with a volume of 781165 shares trading hands. The stock had previously closed at $88.23.

Analyst Upgrades and Downgrades

LCII has been the topic of a number of analyst reports. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. StockNews.com upgraded LCI Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, LCI Industries has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

LCI Industries Stock Performance

The stock has a 50-day simple moving average of $101.84 and a 200 day simple moving average of $110.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The company has a market capitalization of $2.24 billion, a PE ratio of 15.71 and a beta of 1.45.

Remove Ads

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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 anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.23%. LCI Industries's payout ratio is 82.14%.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors have recently made changes to their positions in LCII. Strategic Financial Concepts LLC acquired a new position 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 fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after acquiring an additional 247 shares during the last quarter. LRI Investments LLC raised its holdings in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the third quarter worth $49,000. Finally, Headlands Technologies LLC acquired a new position in shares of LCI Industries in the fourth quarter worth $59,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.