LCI Industries (NYSE:LCII) Shares Purchased by Swiss National Bank

Swiss National Bank grew its position in shares of LCI Industries (NYSE:LCII – Get Rating) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,400 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Swiss National Bank owned 0.24% of LCI Industries worth $5,676,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Boston Partners raised its holdings in LCI Industries by 0.6% in the fourth quarter. Boston Partners now owns 485,262 shares of the company’s stock valued at $46,645,000 after buying an additional 2,775 shares during the period. Arizona State Retirement System increased its stake in shares of LCI Industries by 3.9% in the fourth quarter. Arizona State Retirement System now owns 7,175 shares of the company’s stock worth $663,000 after buying an additional 268 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of LCI Industries by 9.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 4,548 shares of the company’s stock worth $420,000 after buying an additional 380 shares during the last quarter. Duality Advisers LP acquired a new position in LCI Industries in the fourth quarter worth $520,000. Finally, Burney Co. acquired a new position in LCI Industries in the fourth quarter worth $573,000. 99.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LCII has been the subject of several analyst reports. StockNews.com initiated coverage on shares of LCI Industries in a report on Thursday. They set a “hold” rating for the company. Roth Mkm cut shares of LCI Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $137.00 to $114.00 in a research report on Wednesday, February 15th. Truist Financial boosted their price target on shares of LCI Industries from $125.00 to $130.00 in a research report on Friday, February 17th. Jefferies Financial Group cut LCI Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $120.00 to $95.00 in a research note on Friday, January 20th. Finally, Roth Capital reissued a “buy” rating and issued a $114.00 price target (down previously from $137.00) on shares of LCI Industries in a research note on Wednesday, February 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.14.

LCI Industries Stock Performance

Shares of NYSE LCII opened at $114.53 on Friday. The business has a fifty day simple moving average of $109.18 and a 200 day simple moving average of $105.99. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.19 and a beta of 1.45. LCI Industries has a one year low of $89.28 and a one year high of $139.89.

LCI Industries (NYSE:LCII – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.31. The business had revenue of $973.31 million during the quarter, compared to analyst estimates of $866.61 million. LCI Industries had a return on equity of 14.83% and a net margin of 4.54%. LCI Industries’s revenue was down 40.8% on a year-over-year basis. During the same period in the prior year, the company posted $7.71 earnings per share. Sell-side analysts expect that LCI Industries will post 5.98 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Thursday, March 9th. LCI Industries’s dividend payout ratio (DPR) is 52.04%.

LCI Industries Company Profile

(Get Rating)

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.