LCI Industries (NYSE:LCII) Reaches New 1-Year Low - Here's What Happened

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. CJS Securities upgraded 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. Robert W. Baird reissued a "neutral" rating and issued a $100.00 price objective (down from $130.00) on shares of LCI Industries in a research note on Friday. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, LCI Industries has an average rating of "Hold" and a consensus price target of $117.20.

LCI Industries Stock Performance

The firm's 50 day simple moving average is $98.77 and its 200 day simple moving average is $108.57. The firm has a market cap of $2.08 billion, a PE ratio of 14.60 and a beta of 1.45. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

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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%. On average, research analysts forecast 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. Stockholders of record on Friday, March 7th were given a dividend of $1.15 per share. 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 5.62%. LCI Industries's dividend payout ratio is currently 82.14%.

Institutional Investors Weigh In On LCI Industries

Several large investors have recently bought and sold shares of LCII. Summit Investment Advisors Inc. lifted its position in LCI Industries by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock valued at $268,000 after purchasing an additional 130 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of LCI Industries by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company's stock valued at $611,000 after buying an additional 143 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of LCI Industries by 7.1% in the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company's stock valued at $315,000 after acquiring an additional 202 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock valued at $611,000 after acquiring an additional 206 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock worth $1,133,000 after acquiring an additional 223 shares during the last quarter. 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.