LCI Industries (NYSE:LCII) Sets New 52-Week Low – Should You Sell?

LCI Industries (NYSE:LCII) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $86.23 and last traded at $88.07, with a volume of 781165 shares traded. The stock had previously closed at $88.23.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LCII shares. Truist Financial upped their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Finally, StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.50.

LCI Industries Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 15.73 and a beta of 1.45. The company has a fifty day moving average price of $102.60 and a two-hundred day moving average price of $110.64.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, equities research analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, March 7th. LCI Industries’s dividend payout ratio is 82.14%.

Institutional Investors Weigh In On LCI Industries

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

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.