LCI Industries (NYSE:LCII) Reaches New 12-Month High – Here’s Why
by Renee Jackson · The Cerbat GemLCI Industries (NYSE:LCII – Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $125.00 and last traded at $123.2250, with a volume of 1566 shares. The stock had previously closed at $123.81.
Analysts Set New Price Targets
A number of research analysts recently commented on LCII shares. Wall Street Zen downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Loop Capital assumed coverage on LCI Industries in a research report on Friday, October 31st. They set a “buy” rating and a $116.00 price target for the company. Truist Financial increased their price objective on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Roth Capital lifted their price target on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.67.
Get Our Latest Stock Report on LCI Industries
LCI Industries Price Performance
The firm has a market capitalization of $2.99 billion, a PE ratio of 17.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. The stock’s 50 day simple moving average is $109.72 and its two-hundred day simple moving average is $101.32.
LCI Industries (NYSE:LCII – Get Free Report) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. The business had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%. On average, sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current year.
LCI Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s dividend payout ratio is currently 64.34%.
Institutional Trading of LCI Industries
Institutional investors have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of LCI Industries in the 2nd quarter valued at about $26,000. SVB Wealth LLC purchased a new position in LCI Industries in the 1st quarter worth approximately $28,000. Signaturefd LLC lifted its position in shares of LCI Industries by 591.5% in the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after purchasing an additional 278 shares during the period. State of Wyoming bought a new position in LCI Industries during the 1st quarter valued at approximately $46,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 45.5% during the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after purchasing an additional 167 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
LCI Industries Company Profile
LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.
The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.