LCI Industries (NYSE:LCII - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $95.09 and last traded at $95.90, with a volume of 95011 shares traded. The stock had previously closed at $97.88.
Analyst Ratings Changes
Several equities analysts have recently issued reports on LCII shares. CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target for the company in a research report on Wednesday, February 12th. Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $121.50.
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LCI Industries Stock Performance
The business's fifty day moving average is $104.36 and its two-hundred day moving average is $112.06. 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 stock has a market capitalization of $2.50 billion, a PE ratio of 17.56 and a beta of 1.45.
LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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%. As a group, research analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.
LCI Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 4.68%. LCI Industries's payout ratio is currently 82.14%.
Hedge Funds Weigh In On LCI Industries
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after acquiring an additional 56,794 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in LCI Industries by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock worth $127,904,000 after purchasing an additional 87,764 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of LCI Industries by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after buying an additional 11,286 shares during the period. Victory Capital Management Inc. raised its stake in shares of LCI Industries by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after buying an additional 15,057 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company's stock worth $68,090,000 after buying an additional 1,688 shares during the period. 99.71% of the stock is currently owned by institutional investors.
LCI Industries Company Profile
(
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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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