Dimensional Fund Advisors LP Purchases 87,764 Shares of LCI Industries (NYSE:LCII)

Dimensional Fund Advisors LP lifted its holdings in LCI Industries (NYSE:LCII) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,237,119 shares of the company’s stock after purchasing an additional 87,764 shares during the period. Dimensional Fund Advisors LP owned 4.86% of LCI Industries worth $127,904,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Strategic Financial Concepts LLC bought a new stake in shares of LCI Industries in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in LCI Industries in the 3rd quarter worth $49,000. Headlands Technologies LLC bought a new position in shares of LCI Industries during the 4th quarter worth about $59,000. Finally, Blue Trust Inc. raised its position in shares of LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of LCI Industries stock opened at $78.76 on Friday. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The firm’s 50-day moving average price is $88.85 and its two-hundred day moving average price is $103.42. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 1.36.

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, beating 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%. On average, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s payout ratio is presently 82.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LCII. Baird R W lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Truist Financial lowered their target price on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price objective (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.60.

LCI Industries 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.