LCI Industries (NYSE:LCII) Reaches New 52-Week High at $110.19

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LCI Industries (NYSE:LCII)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $110.19 and last traded at $109.76, with a volume of 1585 shares trading hands. The stock had previously closed at $108.09.

A number of research firms have recently issued reports on LCII. ValuEngine downgraded shares of LCI Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Zacks Investment Research downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Citigroup boosted their price target on shares of LCI Industries from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Sidoti downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $108.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. LCI Industries currently has a consensus rating of “Hold” and an average price target of $105.75.

The firm’s 50 day moving average is $105.99 and its two-hundred day moving average is $95.88. The stock has a market capitalization of $2.70 billion, a PE ratio of 18.72, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 2.27.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. LCI Industries had a net margin of 5.88% and a return on equity of 18.73%. The firm had revenue of $586.20 million for the quarter, compared to the consensus estimate of $578.87 million. During the same period in the prior year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts anticipate that LCI Industries will post 5.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.37%. The ex-dividend date was Thursday, December 5th. LCI Industries’s dividend payout ratio (DPR) is presently 44.37%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evoke Wealth LLC acquired a new position in LCI Industries during the 3rd quarter worth approximately $25,000. Versant Capital Management Inc grew its holdings in LCI Industries by 41.9% during the 3rd quarter. Versant Capital Management Inc now owns 647 shares of the company’s stock worth $59,000 after acquiring an additional 191 shares in the last quarter. Anderson Fisher LLC acquired a new position in LCI Industries during the 2nd quarter worth approximately $80,000. Strs Ohio grew its holdings in LCI Industries by 80.0% during the 3rd quarter. Strs Ohio now owns 900 shares of the company’s stock worth $82,000 after acquiring an additional 400 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in LCI Industries by 10.1% during the 2nd quarter. LPL Financial LLC now owns 2,921 shares of the company’s stock worth $263,000 after acquiring an additional 269 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

About LCI Industries (NYSE:LCII)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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