LCI Industries (NYSE:LCII) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of LCI Industries (NYSE:LCIIGet Rating) from a buy rating to a hold rating in a research note published on Thursday.

Several other equities research analysts have also recently weighed in on the company. Truist Financial lowered their target price on LCI Industries to $135.00 in a report on Thursday, May 26th. DA Davidson cut LCI Industries to a neutral rating in a report on Tuesday, August 9th.

LCI Industries Price Performance

Shares of LCII stock opened at $108.42 on Thursday. LCI Industries has a twelve month low of $96.32 and a twelve month high of $163.33. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 5.57 and a beta of 1.47. The stock has a fifty day simple moving average of $124.33 and a two-hundred day simple moving average of $115.89. The company has a current ratio of 2.66, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, September 1st. LCI Industries’s dividend payout ratio (DPR) is currently 21.56%.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently made changes to their positions in the stock. Okabena Investment Services Inc. purchased a new stake in shares of LCI Industries during the 4th quarter worth $29,000. HM Payson & Co. increased its position in LCI Industries by 869.6% during the 4th quarter. HM Payson & Co. now owns 223 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in LCI Industries during the 2nd quarter valued at about $26,000. Castle Wealth Management LLC acquired a new position in LCI Industries during the 2nd quarter valued at about $26,000. Finally, Pinebridge Investments L.P. acquired a new position in LCI Industries during the 2nd quarter valued at about $27,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Company Profile

(Get Rating)

LCI Industries, together 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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.

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