LRI Investments LLC Acquires 311 Shares of LCI Industries (NYSE:LCII)

LRI Investments LLC lifted its holdings in shares of LCI Industries (NYSE:LCII) by 345.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 401 shares of the company’s stock after purchasing an additional 311 shares during the period. LRI Investments LLC’s holdings in LCI Industries were worth $41,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new position in LCI Industries in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its holdings in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares during the last quarter. Headlands Technologies LLC bought a new position in LCI Industries in the fourth quarter valued at about $59,000. Blue Trust Inc. boosted its holdings in LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after acquiring an additional 234 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in LCI Industries by 159.3% in the fourth quarter. Covestor Ltd now owns 765 shares of the company’s stock valued at $79,000 after acquiring an additional 470 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Up 0.9%

NYSE:LCII opened at $90.54 on Wednesday. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. 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 capitalization of $2.29 billion, a PE ratio of 16.17 and a beta of 1.26. The business’s 50-day simple moving average is $83.97 and its 200-day simple moving average is $100.56.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $972.04 million. During the same quarter in the previous year, the business posted $1.44 EPS. LCI Industries’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 75.41%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price target on LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Truist Financial decreased their price target on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Monday. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Finally, Baird R W lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, LCI Industries currently has an average rating of “Hold” and an average price target of $112.50.

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.