US Bancorp DE Lowers Stock Holdings in LCI Industries (NYSE:LCII)

US Bancorp DE trimmed its position in shares of LCI Industries (NYSE:LCIIGet Rating) by 38.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,892 shares of the company’s stock after selling 3,073 shares during the quarter. US Bancorp DE’s holdings in LCI Industries were worth $496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LCII. CWM LLC boosted its stake in shares of LCI Industries by 120.2% in the 3rd quarter. CWM LLC now owns 251 shares of the company’s stock valued at $25,000 after buying an additional 137 shares during the period. Castle Wealth Management LLC purchased a new position in shares of LCI Industries in the 2nd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of LCI Industries in the 2nd quarter valued at about $26,000. Pinebridge Investments L.P. purchased a new position in shares of LCI Industries in the 2nd quarter valued at about $27,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of LCI Industries in the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial decreased their price objective on LCI Industries from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, October 5th. DA Davidson cut their target price on LCI Industries from $131.00 to $107.00 in a research report on Wednesday, November 2nd. Jefferies Financial Group lowered LCI Industries from a “buy” rating to a “hold” rating and cut their target price for the stock from $120.00 to $95.00 in a research report on Friday. Robert W. Baird cut their target price on LCI Industries from $155.00 to $130.00 in a research report on Wednesday, November 2nd. Finally, MKM Partners cut their target price on LCI Industries from $153.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, October 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $118.80.

LCI Industries Trading Down 3.9 %

LCII opened at $103.14 on Monday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 5.32 and a beta of 1.35. LCI Industries has a 52 week low of $89.28 and a 52 week high of $139.89. The business’s 50 day moving average is $99.30 and its two-hundred day moving average is $109.00. The company has a quick ratio of 0.85, a current ratio of 3.01 and a debt-to-equity ratio of 0.73.

LCI Industries (NYSE:LCIIGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $2.40 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. LCI Industries had a return on equity of 38.25% and a net margin of 8.95%. On average, research analysts predict that LCI Industries will post 16.95 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.07%. The ex-dividend date was Thursday, December 1st. LCI Industries’s dividend payout ratio (DPR) is 21.66%.

LCI Industries Profile

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LCI Industries engages in the manufacture, supply, and distribution of components for the original equipment manufacturers (OEM) of recreational vehicles and manufactured homes. It operates through the OEM and Aftermarket segments. The OEM segment offers components for buses, trailers used to haul boats, livestock, equipment and other cargo, trucks, pontoon boats, trains, manufactured homes, and modular housing.

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

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