LCI Industries (NYSE:LCII) Sees Unusually-High Trading Volume – Should You Buy?

Shares of LCI Industries (NYSE:LCII) saw unusually-strong trading volume on Wednesday . Approximately 417,326 shares changed hands during trading, an increase of 83% from the previous session’s volume of 228,264 shares.The stock last traded at $90.45 and had previously closed at $91.47.

Analyst Ratings Changes

LCII has been the subject of a number of recent analyst reports. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Finally, CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $121.50.

LCI Industries Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market cap of $2.29 billion, a PE ratio of 16.01 and a beta of 1.45. The stock has a 50-day moving average price of $104.01 and a two-hundred day moving average price of $111.70.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $1.15 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.10%. LCI Industries’s dividend payout ratio is currently 82.14%.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently modified their holdings of LCII. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in LCI Industries by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company’s stock valued at $7,149,000 after buying an additional 10,498 shares during the period. Sovereign s Capital Management LLC purchased a new stake in shares of LCI Industries in the fourth quarter valued at $3,152,000. Twinbeech Capital LP bought a new stake in shares of LCI Industries in the 4th quarter worth about $5,065,000. Tidal Investments LLC boosted its stake in shares of LCI Industries by 4.8% during the 4th quarter. Tidal Investments LLC now owns 9,853 shares of the company’s stock worth $1,019,000 after purchasing an additional 451 shares during the period. Finally, Stadium Capital Management LLC boosted its stake in shares of LCI Industries by 250.2% during the 4th quarter. Stadium Capital Management LLC now owns 70,069 shares of the company’s stock worth $7,244,000 after purchasing an additional 50,058 shares during the period. 99.71% of the stock is owned by institutional investors.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.