LCI Industries (NYSE:LCII) Shares Gap Down – What’s Next?

LCI Industries (NYSE:LCII)’s share price gapped down prior to trading on Monday . The stock had previously closed at $112.86, but opened at $106.47. LCI Industries shares last traded at $106.9470, with a volume of 10,406 shares trading hands.

Wall Street Analyst Weigh In

LCII has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Truist Financial cut their price target on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price target on shares of LCI Industries in a research note on Wednesday, February 18th. Stifel Nicolaus began coverage on shares of LCI Industries in a research note on Tuesday, March 24th. They issued a “buy” rating and a $152.00 price target for the company. Finally, Weiss Ratings cut shares of LCI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $149.29.

LCI Industries Price Performance

The company has a market capitalization of $2.54 billion, a P/E ratio of 12.80 and a beta of 1.17. The company’s 50-day moving average price is $118.15 and its two-hundred day moving average price is $125.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.91 and a quick ratio of 1.20.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 earnings per share. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, sell-side analysts expect that LCI Industries will post 8.95 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.4%. LCI Industries’s dividend payout ratio is presently 56.51%.

Hedge Funds Weigh In On LCI Industries

A number of hedge funds have recently bought and sold shares of LCII. Huntington National Bank grew its stake in LCI Industries by 79.8% during the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after buying an additional 91 shares in the last quarter. Salomon & Ludwin LLC grew its stake in LCI Industries by 1,818.2% during the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in LCI Industries during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after buying an additional 488 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in LCI Industries by 36.8% during the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after buying an additional 139 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

About LCI Industries

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.