LCI Industries (NYSE:LCII) Trading Down 2.8% Following Analyst Downgrade

LCI Industries (NYSE:LCII - Get Free Report)'s stock price traded down 2.8% on Monday after Truist Financial lowered their price target on the stock from $108.00 to $80.00. Truist Financial currently has a hold rating on the stock. LCI Industries traded as low as $75.22 and last traded at $75.25. 37,488 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 272,998 shares. The stock had previously closed at $77.43.

A number of other equities research analysts have also recently issued reports on LCII. Robert W. Baird reissued a "neutral" rating and set a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $111.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LCII. Strategic Financial Concepts LLC bought a new position in shares of LCI Industries during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 247 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after acquiring an additional 311 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in LCI Industries in the third quarter valued at $49,000. Finally, Headlands Technologies LLC acquired a new stake in LCI Industries during the fourth quarter worth about $59,000. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The business's 50 day moving average price is $92.60 and its 200 day moving average price is $105.18. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 13.82 and a beta of 1.36.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating 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, equities analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 5.94%. LCI Industries's dividend payout ratio is currently 82.14%.

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.