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

LCI Industries (NYSE:LCII)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $154.79 and last traded at $154.1240, with a volume of 23394 shares traded. The stock had previously closed at $150.84.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LCII. Robert W. Baird boosted their price objective on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Truist Financial set a $147.00 price target on shares of LCI Industries in a research report on Tuesday, January 20th. Roth Mkm upped their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and a consensus price target of $128.50.

LCI Industries Price Performance

The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 21.48 and a beta of 1.32. The stock’s 50-day simple moving average is $128.51 and its 200 day simple moving average is $109.70.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

Hedge Funds Weigh In On LCI Industries

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of LCI Industries during the first quarter worth about $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LCI Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock worth $1,290,000 after buying an additional 643 shares during the period. Empowered Funds LLC acquired a new stake in LCI Industries during the 1st quarter worth approximately $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in LCI Industries by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after buying an additional 7,515 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of LCI Industries in the second quarter worth $235,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About LCI Industries

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.