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

LCI Industries (NYSE:LCII - Get Free Report)'s stock price fell 2.8% during trading 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 were traded 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.

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

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC acquired a new position in shares of LCI Industries during the 4th quarter worth about $28,000. Smartleaf Asset Management LLC grew its holdings in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after buying an additional 247 shares in the last quarter. LRI Investments LLC raised its holdings in 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 position in LCI Industries during the third quarter worth approximately $49,000. Finally, Headlands Technologies LLC purchased a new stake in LCI Industries in the 4th quarter valued at $59,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Performance

The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $91.99 and a 200 day moving average price of $104.88. The firm has a market cap of $1.95 billion, a PE ratio of 13.82 and a beta of 1.36.

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, 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%. As a group, equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.94%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio is currently 82.14%.

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.