LCI Industries (NYSE:LCII) Hits New 52-Week Low – Here’s Why

LCI Industries (NYSE:LCII)’s share price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $77.58 and last traded at $79.19, with a volume of 173,483 shares changing hands. The stock had previously closed at $78.30.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LCII. Benchmark decreased their price target on LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Zacks Research upgraded LCI Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Stifel Nicolaus cut their price objective on LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Truist Financial reduced their target price on LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Finally, BMO Capital Markets set a $118.00 target price on LCI Industries in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $126.25.

LCI Industries Trading Down 1.7%

The stock has a market cap of $1.90 billion, a P/E ratio of 9.73 and a beta of 1.21. The firm’s 50 day simple moving average is $94.02 and its two-hundred day simple moving average is $103.55. The company has a quick ratio of 1.20, a current ratio of 2.49 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $2.39 EPS. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. As a group, equities research analysts predict that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries’s dividend payout ratio is currently 53.49%.

Hedge Funds Weigh In On LCI Industries

Large investors have recently bought and sold shares of the business. Congress Asset Management Co. lifted its stake in LCI Industries by 21.0% in the third quarter. Congress Asset Management Co. now owns 79,087 shares of the company’s stock valued at $6,617,000 after buying an additional 13,749 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of LCI Industries by 30.4% during the third quarter. Central Pacific Bank Trust Division now owns 1,974 shares of the company’s stock worth $165,000 after acquiring an additional 460 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of LCI Industries by 354.5% in the 3rd quarter. Versant Capital Management Inc now owns 459 shares of the company’s stock worth $38,000 after acquiring an additional 358 shares during the period. Tidal Investments LLC increased its holdings in shares of LCI Industries by 21.3% in the 2nd quarter. Tidal Investments LLC now owns 9,403 shares of the company’s stock worth $996,000 after acquiring an additional 1,651 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in shares of LCI Industries by 305.2% in the 2nd quarter. Engineers Gate Manager LP now owns 16,127 shares of the company’s stock worth $1,708,000 after acquiring an additional 12,147 shares during the period. Institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

LCI Industries, operating primarily through its Lippert subsidiary, is a manufacturer and supplier of components and systems for recreational vehicles, marine vessels and other specialty vehicles. Its products are used by original equipment manufacturers and sold through aftermarket and distribution channels.

The company’s product portfolio includes chassis, axles, suspension systems, slide-out mechanisms, leveling systems, windows, doors, awnings, steps, towing equipment, furniture, mattresses, appliances, electronics and plumbing products.