NewEdge Wealth LLC bought a new position in shares of LCI Industries (NYSE:LCII – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,697 shares of the company’s stock, valued at approximately $1,874,000.
Several other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank boosted its stake in shares of LCI Industries by 79.8% in the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of 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 purchasing an additional 200 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of LCI Industries in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of LCI Industries by 358.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after buying an additional 488 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in LCI Industries by 36.8% during the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after buying an additional 139 shares during the period. Institutional investors own 99.71% of the company’s stock.
LCI Industries Stock Performance
NYSE:LCII opened at $105.26 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 12.24 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 2.49 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $102.25 and its 200 day simple moving average is $116.54. LCI Industries has a twelve month low of $84.33 and a twelve month high of $159.66.
LCI Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is 53.49%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Truist Financial reduced their price target on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Robert W. Baird set a $119.00 price objective on LCI Industries in a research note on Thursday, August 6th. Benchmark dropped their price objective on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Zacks Research cut LCI Industries from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, LCI Industries presently has an average rating of “Hold” and a consensus price target of $126.25.
Read Our Latest Analysis on LCI Industries
LCI Industries Profile
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.
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