LCI Industries (NYSE:LCII) Shares Acquired by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its stake in LCI Industries (NYSE:LCII) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,028 shares of the company’s stock after acquiring an additional 15,408 shares during the period. Frontier Capital Management Co. LLC’s holdings in LCI Industries were worth $30,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the third quarter valued at approximately $49,000. Tidal Investments LLC raised its position in LCI Industries by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after buying an additional 223 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of LCI Industries by 11.0% in the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock worth $37,607,000 after acquiring an additional 31,376 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after acquiring an additional 36,487 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of LCI Industries during the fourth quarter worth about $2,394,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Trading Up 3.4 %

Shares of LCI Industries stock opened at $85.94 on Friday. The business has a 50 day moving average price of $84.38 and a 200 day moving average price of $101.09. The company has a market capitalization of $2.17 billion, a P/E ratio of 15.35 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.

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

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LCII shares. Truist Financial cut their target price on LCI Industries from $108.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 14th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Baird R W cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. 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. Finally, Robert W. Baird lowered their target price on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and an average target price of $110.60.

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.