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

LCI Industries (NYSE:LCII)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $125.26 and last traded at $125.4050, with a volume of 21938 shares trading hands. The stock had previously closed at $124.31.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LCII. Robert W. Baird increased their target price on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Wall Street Zen lowered LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a report on Monday, November 3rd. Truist Financial upped their price target on shares of LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, Zacks Research raised shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.67.

LCI Industries Price Performance

The business has a 50 day moving average of $113.66 and a 200 day moving average of $102.87. The company has a market cap of $3.03 billion, a PE ratio of 17.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.78 and a quick ratio of 1.28.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The business had revenue of $1 billion for the quarter. As a group, research analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors 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 annualized dividend and a dividend yield of 3.7%. LCI Industries’s payout ratio is currently 64.34%.

Institutional Trading of LCI Industries

A number of hedge funds have recently modified their holdings of LCII. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of LCI Industries in the 2nd quarter worth about $26,000. Signaturefd LLC grew its holdings in LCI Industries by 591.5% in the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after purchasing an additional 278 shares during the period. State of Wyoming bought a new position in shares of LCI Industries during the first quarter valued at approximately $46,000. Financial Consulate Inc. purchased a new position in shares of LCI Industries during the third quarter valued at approximately $56,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of LCI Industries by 358.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after purchasing an additional 488 shares in the last quarter. 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.