LCI Industries (NYSE:LCII) Hits New 52-Week Low at $104.89

LCI Industries (NYSE:LCII - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $104.89 and last traded at $105.09, with a volume of 124977 shares traded. The stock had previously closed at $105.85.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LCII shares. Truist Financial reaffirmed a "hold" rating and issued a $110.00 target price (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. BMO Capital Markets downgraded shares of LCI Industries from a "market perform" rating to an "underperform" rating and cut their price objective for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Robert W. Baird lowered their target price on shares of LCI Industries from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, February 14th. Finally, Roth Mkm cut their price target on shares of LCI Industries from $113.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, LCI Industries has a consensus rating of "Hold" and an average target price of $104.20.

LCI Industries Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. The stock's fifty day moving average price is $117.11 and its 200-day moving average price is $116.24. The firm has a market cap of $2.64 billion, a PE ratio of 40.93 and a beta of 1.40.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to analysts' expectations of $835.99 million. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted ($0.68) earnings per share. As a group, equities analysts forecast that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a yield of 4.06%. LCI Industries's payout ratio is 166.01%.

Institutional Investors Weigh In On LCI Industries

Large investors have recently added to or reduced their stakes in the business. ARGA Investment Management LP increased its position in LCI Industries by 144.3% during the first quarter. ARGA Investment Management LP now owns 13,789 shares of the company's stock worth $1,697,000 after buying an additional 8,144 shares in the last quarter. Washington Capital Management Inc. purchased a new stake in LCI Industries during the 1st quarter worth about $295,000. Quadrature Capital Ltd acquired a new position in LCI Industries in the 4th quarter valued at about $901,000. PNC Financial Services Group Inc. lifted its holdings in LCI Industries by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company's stock valued at $554,000 after purchasing an additional 92 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of LCI Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company's stock worth $350,129,000 after purchasing an additional 12,018 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.