LCI Industries (LCII) Reaches New 1-Year Low at $75.55

LCI Industries (NYSE:LCII) reached a new 52-week low during trading on Thursday . The company traded as low as $75.55 and last traded at $76.51, with a volume of 2024 shares. The stock had previously closed at $78.78.

A number of research firms recently commented on LCII. ValuEngine raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Northcoast Research reissued a “buy” rating on shares of LCI Industries in a report on Friday, August 17th. Zacks Investment Research cut shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Robert W. Baird reissued a “buy” rating and set a $115.00 target price on shares of LCI Industries in a report on Wednesday, July 25th. Finally, Sidoti lowered their target price on shares of LCI Industries from $136.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. LCI Industries has an average rating of “Hold” and an average price target of $114.80.

The company has a current ratio of 2.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.91 billion, a PE ratio of 12.28 and a beta of 1.07.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, August 2nd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. LCI Industries had a net margin of 5.92% and a return on equity of 23.39%. The business had revenue of $684.46 million for the quarter, compared to analysts’ expectations of $658.81 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities analysts anticipate that LCI Industries will post 6.68 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Bruderman Asset Management LLC bought a new stake in LCI Industries during the 2nd quarter valued at $119,000. NumerixS Investment Technologies Inc bought a new stake in LCI Industries during the 2nd quarter valued at $201,000. FNY Investment Advisers LLC bought a new stake in LCI Industries during the 2nd quarter valued at $204,000. WP Advisors LLC purchased a new position in shares of LCI Industries during the 2nd quarter valued at $207,000. Finally, First Hawaiian Bank purchased a new position in shares of LCI Industries during the 3rd quarter valued at $214,000. 96.55% of the stock is currently owned by institutional investors and hedge funds.

About LCI Industries (NYSE:LCII)

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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