Truist Financial Corp Has $2.05 Million Stock Position in LCI Industries (NYSE:LCII)

Truist Financial Corp increased its position in shares of LCI Industries (NYSE:LCIIGet Rating) by 109.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,221 shares of the company’s stock after buying an additional 10,575 shares during the quarter. Truist Financial Corp owned about 0.08% of LCI Industries worth $2,052,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. raised its stake in shares of LCI Industries by 2.8% in the first quarter. Raymond James Trust N.A. now owns 3,427 shares of the company’s stock worth $355,000 after purchasing an additional 94 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of LCI Industries by 0.4% in the second quarter. Bank of Nova Scotia now owns 25,705 shares of the company’s stock worth $2,880,000 after purchasing an additional 113 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of LCI Industries by 62.4% in the second quarter. Wolff Wiese Magana LLC now owns 354 shares of the company’s stock worth $40,000 after purchasing an additional 136 shares during the last quarter. Comerica Bank raised its stake in shares of LCI Industries by 0.6% in the second quarter. Comerica Bank now owns 25,452 shares of the company’s stock worth $3,203,000 after purchasing an additional 155 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of LCI Industries by 22.2% in the third quarter. National Bank of Canada FI now owns 963 shares of the company’s stock worth $97,000 after purchasing an additional 175 shares during the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.

LCI Industries Trading Up 0.0 %

NYSE:LCII opened at $110.11 on Tuesday. The company has a market cap of $2.80 billion, a P/E ratio of 5.68 and a beta of 1.35. The stock’s fifty day moving average price is $98.75 and its two-hundred day moving average price is $109.27. LCI Industries has a 1 year low of $89.28 and a 1 year high of $148.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.01 and a quick ratio of 0.85.

LCI Industries (NYSE:LCIIGet Rating) last posted its earnings results on Tuesday, November 1st. The company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.03). LCI Industries had a return on equity of 38.25% and a net margin of 8.95%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.17 billion. As a group, analysts expect that LCI Industries will post 17.26 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.81%. LCI Industries’s dividend payout ratio (DPR) is presently 21.66%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LCII shares. DA Davidson reduced their target price on LCI Industries from $131.00 to $107.00 in a report on Wednesday, November 2nd. MKM Partners reduced their target price on LCI Industries from $153.00 to $137.00 and set a “buy” rating for the company in a report on Monday, October 3rd. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Truist Financial reduced their price objective on LCI Industries from $135.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, October 5th. Finally, Robert W. Baird reduced their price objective on LCI Industries from $155.00 to $130.00 in a report on Wednesday, November 2nd.

LCI Industries Profile

(Get Rating)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.

See Also

Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.