Bank of New York Mellon Corp Has $31.70 Million Position in LCI Industries $LCII

Bank of New York Mellon Corp lifted its holdings in shares of LCI Industries (NYSE:LCII) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 347,608 shares of the company’s stock after purchasing an additional 5,592 shares during the period. Bank of New York Mellon Corp’s holdings in LCI Industries were worth $31,698,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LCII. Cerity Partners LLC lifted its position in LCI Industries by 178.0% during the 1st quarter. Cerity Partners LLC now owns 7,394 shares of the company’s stock worth $646,000 after buying an additional 4,734 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of LCI Industries by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company’s stock worth $318,000 after acquiring an additional 208 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after acquiring an additional 439 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of LCI Industries by 9.3% during the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock worth $60,808,000 after purchasing an additional 59,233 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new stake in shares of LCI Industries during the first quarter valued at approximately $1,257,000. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Down 0.6%

Shares of LCI Industries stock opened at $108.60 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The business has a fifty day simple moving average of $96.86 and a 200 day simple moving average of $95.04. The stock has a market cap of $2.63 billion, a PE ratio of 18.13 and a beta of 1.34.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The firm had revenue of $1 billion for the quarter. Research analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $4.60 annualized dividend and a yield of 4.2%. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LCII. Wall Street Zen raised LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Truist Financial boosted their target price on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target on the stock in a report on Monday, November 3rd. Robert W. Baird lifted their price objective on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.67.

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.