LCI Industries (NYSE:LCII) Reaches New 12-Month High – What’s Next?

Shares of LCI Industries (NYSE:LCII) hit a new 52-week high on Tuesday . The company traded as high as $156.30 and last traded at $155.8950, with a volume of 50747 shares trading hands. The stock had previously closed at $154.37.

Analyst Ratings Changes

A number of brokerages recently commented on LCII. Truist Financial set a $147.00 target price on LCI Industries in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price for the company in a report on Monday, November 3rd. Roth Mkm boosted their target price on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Robert W. Baird increased their price target on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average price target of $128.50.

LCI Industries Stock Performance

The firm’s 50 day moving average is $131.64 and its 200-day moving average is $111.25. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 21.74 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.

LCI Industries Dividend Announcement

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

Hedge Funds Weigh In On LCI Industries

A number of hedge funds have recently bought and sold shares of LCII. M&T Bank Corp raised its stake in shares of LCI Industries by 8,419.2% during the 4th quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock worth $89,686,000 after buying an additional 730,453 shares during the period. ARGA Investment Management LP increased its holdings in LCI Industries by 1,386.8% in the 2nd quarter. ARGA Investment Management LP now owns 424,374 shares of the company’s stock worth $38,699,000 after acquiring an additional 395,831 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in LCI Industries during the fourth quarter worth $27,142,000. Bank of Montreal Can raised its position in LCI Industries by 70.4% during the second quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock worth $39,745,000 after acquiring an additional 180,060 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new position in LCI Industries during the second quarter valued at $15,633,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.