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

LCI Industries (NYSE:LCII)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $125.00 and last traded at $123.2250, with a volume of 1566 shares changing hands. The stock had previously closed at $123.81.

Analyst Ratings Changes

A number of brokerages recently weighed in on LCII. 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 note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Truist Financial increased their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Wall Street Zen lowered LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Finally, Roth Capital boosted their price target on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $113.67.

LCI Industries Trading Up 0.2%

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 firm has a market cap of $3.00 billion, a PE ratio of 17.34 and a beta of 1.32. The company’s fifty day moving average price is $110.44 and its two-hundred day moving average price is $101.62.

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

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued 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 presently 64.34%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of LCI Industries during the 2nd quarter valued at about $26,000. Signaturefd LLC raised its stake in shares of LCI Industries by 591.5% during the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after purchasing an additional 278 shares during the period. State of Wyoming acquired a new position in shares of LCI Industries during the first quarter worth $46,000. Smartleaf Asset Management LLC boosted its stake in shares of LCI Industries by 45.5% in the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after purchasing an additional 167 shares during the period. Finally, Financial Consulate Inc. acquired a new stake in LCI Industries during the 3rd quarter valued at $56,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.