LCI Industries (NYSE:LCII) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC decreased its holdings in shares of LCI Industries (NYSE:LCII) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,183 shares of the company’s stock after selling 931 shares during the quarter. Motley Fool Asset Management LLC’s holdings in LCI Industries were worth $5,177,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. O Shaughnessy Asset Management LLC boosted its holdings in shares of LCI Industries by 3.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,469 shares of the company’s stock worth $290,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System boosted its holdings in LCI Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 7,203 shares of the company’s stock valued at $846,000 after acquiring an additional 97 shares during the last quarter. Advisor OS LLC boosted its holdings in LCI Industries by 5.1% in the third quarter. Advisor OS LLC now owns 2,167 shares of the company’s stock valued at $255,000 after acquiring an additional 105 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in LCI Industries by 3.3% in the third quarter. SkyView Investment Advisors LLC now owns 3,765 shares of the company’s stock valued at $442,000 after acquiring an additional 122 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in LCI Industries by 3.5% in the third quarter. DAVENPORT & Co LLC now owns 4,044 shares of the company’s stock valued at $475,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LCII. Robert W. Baird cut their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Roth Mkm dropped their target price on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Finally, Truist Financial reaffirmed a “hold” rating and set a $110.00 target price (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.20.

LCI Industries Stock Down 2.4 %

Shares of NYSE LCII traded down $2.68 during midday trading on Thursday, reaching $106.74. 199,207 shares of the company’s stock were exchanged, compared to its average volume of 231,170. LCI Industries has a 52-week low of $102.39 and a 52-week high of $137.07. The stock has a market capitalization of $2.72 billion, a PE ratio of 42.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. The business’s fifty day moving average price is $115.92 and its two-hundred day moving average price is $115.93.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The firm had revenue of $837.54 million during the quarter, compared to analyst estimates of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.68) earnings per share. Analysts forecast that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a yield of 3.93%. LCI Industries’s dividend payout ratio (DPR) is 166.01%.

About LCI Industries

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.