LCI Industries (NYSE:LCII – Get Free Report) hit a new 52-week low during trading on Thursday. The stock traded as low as $84.10 and last traded at $84.3860, with a volume of 48497 shares traded. The stock had previously closed at $85.03.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LCII. Truist Financial lowered their target price on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Jefferies Financial Group reissued a “hold” rating and issued a $120.00 price target on shares of LCI Industries in a research note on Thursday, August 6th. BMO Capital Markets set a $118.00 price target on shares of LCI Industries in a report on Thursday, August 6th. Robert W. Baird set a $119.00 price target on shares of LCI Industries in a report on Thursday, August 6th. Finally, Roth Capital restated a “buy” rating and set a $135.00 price objective (down from $155.00) on shares of LCI Industries in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.25.
View Our Latest Stock Analysis on LCII
LCI Industries Trading Up 1.0%
LCI Industries (NYSE:LCII – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.12. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The firm’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Equities research analysts forecast that LCI Industries will post 8.45 EPS for the current year.
LCI Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is 53.49%.
Institutional Investors Weigh In On LCI Industries
A number of hedge funds and other institutional investors have recently modified their holdings of LCII. Bank of New York Mellon Corp bought a new position in LCI Industries during the 2nd quarter worth approximately $45,200,000. Bank of America Corp DE bought a new stake in LCI Industries in the second quarter valued at approximately $40,408,000. Principal Financial Group Inc. lifted its position in LCI Industries by 36.7% in the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after purchasing an additional 176,101 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of LCI Industries during the second quarter valued at approximately $15,105,000. Finally, Amundi purchased a new stake in shares of LCI Industries during the first quarter valued at approximately $15,843,000. Institutional investors own 99.71% of the company’s stock.
About LCI Industries
LCI Industries, formerly known as Drew Industries, is a manufacturer and supplier of components and systems used primarily in recreational vehicles (RVs), marine products, and other specialty vehicles. The company operates under the Lippert brand and serves original equipment manufacturers as well as aftermarket customers.
Its product portfolio includes chassis and axles, suspension systems, slide-out mechanisms, leveling and stabilization equipment, windows, doors, awnings, steps, furniture, mattresses, appliances, electronics, and related interior and exterior components.
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