LCI Industries (NYSE:LCII) Hits New 52-Week Low at $98.83

LCI Industries (NYSE:LCII) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $98.83 and last traded at $99.09, with a volume of 24986 shares trading hands. The stock had previously closed at $101.52.

Analysts Set New Price Targets

Separately, Roth Mkm boosted their target price on shares of LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average target price of $104.80.

LCI Industries Stock Performance

The business’s fifty day moving average price is $105.98 and its two-hundred day moving average price is $113.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 2.86. The stock has a market capitalization of $2.52 billion, a P/E ratio of 27.59 and a beta of 1.42.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.90. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The firm had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $963.02 million. During the same period in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that LCI Industries will post 6.31 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.20 annualized dividend and a yield of 4.23%. LCI Industries’s dividend payout ratio (DPR) is 114.13%.

Institutional Investors Weigh In On LCI Industries

Several large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its position in shares of LCI Industries by 532.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock worth $46,000 after purchasing an additional 314 shares during the period. LRI Investments LLC purchased a new stake in shares of LCI Industries in the 1st quarter worth approximately $46,000. Fidelis Capital Partners LLC purchased a new stake in shares of LCI Industries in the 1st quarter worth approximately $68,000. GAMMA Investing LLC purchased a new stake in shares of LCI Industries in the 4th quarter worth approximately $81,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of LCI Industries by 88.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock worth $96,000 after purchasing an additional 359 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.