LCI Industries (NYSE:LCII) Sets New 1-Year Low - Here's Why

LCI Industries (NYSE:LCII - Get Free Report)'s share price hit a new 52-week low on Tuesday . The stock traded as low as $91.00 and last traded at $92.32, with a volume of 35071 shares trading hands. The stock had previously closed at $96.07.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LCII. 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 report on Monday, February 10th. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, February 15th. Finally, CJS Securities raised 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $121.50.

LCI Industries Trading Down 4.0 %

The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 16.53 and a beta of 1.45. The company has a 50 day moving average of $104.24 and a 200 day moving average of $111.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

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LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. On average, research analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.99%. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.

Hedge Funds Weigh In On LCI Industries

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of LCI Industries by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company's stock worth $7,149,000 after acquiring an additional 10,498 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in LCI Industries during the fourth quarter worth about $3,152,000. Twinbeech Capital LP purchased a new position in LCI Industries during the fourth quarter worth about $5,065,000. Tidal Investments LLC boosted its holdings in LCI Industries by 4.8% in the 4th quarter. Tidal Investments LLC now owns 9,853 shares of the company's stock valued at $1,019,000 after purchasing an additional 451 shares during the last quarter. Finally, Stadium Capital Management LLC boosted its holdings in LCI Industries by 250.2% in the 4th quarter. Stadium Capital Management LLC now owns 70,069 shares of the company's stock valued at $7,244,000 after purchasing an additional 50,058 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

LCI Industries Company Profile

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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