LCI Industries (NYSE:LCII - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $75.72 and last traded at $80.17, with a volume of 878984 shares traded. The stock had previously closed at $81.00.
Wall Street Analyst Weigh In
LCII has been the subject of a number of analyst reports. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a report on Wednesday, February 12th. Robert W. Baird reaffirmed a "neutral" rating and set a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Finally, Truist Financial boosted their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, LCI Industries presently has a consensus rating of "Hold" and an average target price of $117.20.
Check Out Our Latest Report on LCII
LCI Industries Stock Performance
The stock has a 50-day moving average price of $94.57 and a 200 day moving average price of $106.27. 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 firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.75 and a beta of 1.36.
LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, analysts forecast that LCI Industries will post 6.76 EPS for the current year.
LCI Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Friday, March 7th. LCI Industries's payout ratio is 82.14%.
Institutional Trading of LCI Industries
A number of large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of LCI Industries by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock worth $45,122,000 after buying an additional 25,145 shares during the last quarter. Principal Financial Group Inc. raised its holdings in LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after purchasing an additional 11,286 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in LCI Industries in the fourth quarter valued at about $266,000. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 247 shares in the last quarter. Finally, Congress Asset Management Co. increased its position in LCI Industries by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock worth $5,952,000 after purchasing an additional 5,303 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.
LCI Industries Company Profile
(
Get Free Report)
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.
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