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

LCI Industries (NYSE:LCII)’s share price reached a new 52-week low on Monday . The stock traded as low as $75.72 and last traded at $80.17, with a volume of 878984 shares changing hands. The stock had previously closed at $81.00.

Analyst Upgrades and Downgrades

LCII has been the subject of a number of research analyst reports. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday, March 31st. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Wednesday, February 12th. Truist Financial increased their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, Robert W. Baird reissued a “neutral” rating and set a $100.00 price objective (down from $130.00) on shares of LCI Industries in a report on Friday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $117.20.

LCI Industries Trading Down 3.1 %

The firm’s 50-day simple moving average is $98.29 and its 200-day simple moving average is $108.15. The firm has a market capitalization of $2.01 billion, a PE ratio of 14.25 and a beta of 1.36. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last issued its 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 return on equity of 10.28% and a net margin of 3.82%. Equities analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

Institutional Trading of LCI Industries

A number of institutional investors have recently modified their holdings of the company. Centiva Capital LP purchased a new position in LCI Industries during the 3rd quarter valued at $628,000. Stifel Financial Corp raised its holdings in LCI Industries by 0.3% in the third quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock worth $9,952,000 after purchasing an additional 242 shares in the last quarter. XTX Topco Ltd bought a new position in LCI Industries in the third quarter worth $770,000. MML Investors Services LLC purchased a new position in LCI Industries during the third quarter valued at $260,000. Finally, Geode Capital Management LLC boosted its holdings in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after buying an additional 1,688 shares in the last quarter. 99.71% of the stock is currently 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.