LCI Industries (NYSE:LCII) Hits New 12-Month High – Should You Buy?

LCI Industries (NYSE:LCII) hit a new 52-week high during trading on Monday . The stock traded as high as $131.41 and last traded at $130.91, with a volume of 27021 shares trading hands. The stock had previously closed at $131.01.

Analyst Ratings Changes

LCII has been the topic of several recent analyst reports. Loop Capital started coverage on LCI Industries in a report on Friday, October 31st. They set a “buy” rating and a $116.00 price objective on the stock. Wall Street Zen downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research report 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 price target for the company in a research report on Monday, November 3rd. Robert W. Baird lifted their price objective on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Roth Capital 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 note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

LCI Industries Price Performance

The stock has a market capitalization of $3.17 billion, a PE ratio of 18.33 and a beta of 1.31. 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 stock’s 50-day moving average is $116.90 and its 200 day moving average is $104.20.

LCI Industries (NYSE:LCII) last released its earnings results 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 company had revenue of $1 billion during the quarter. As a group, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s dividend payout ratio is presently 64.34%.

Institutional Investors Weigh In On LCI Industries

Several large investors have recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in LCI Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock worth $696,000 after buying an additional 103 shares during the last quarter. Covestor Ltd grew its position in LCI Industries by 10.4% in the third quarter. Covestor Ltd now owns 1,261 shares of the company’s stock worth $118,000 after acquiring an additional 119 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of LCI Industries by 17.1% during the 4th quarter. GAMMA Investing LLC now owns 947 shares of the company’s stock worth $115,000 after purchasing an additional 138 shares during the last quarter. SageView Advisory Group LLC raised its holdings in shares of LCI Industries by 6.3% during the 2nd quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after purchasing an additional 145 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of LCI Industries by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after purchasing an additional 159 shares during the last quarter. Institutional investors 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.