LCI Industries (NYSE:LCII) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in shares of LCI Industries (NYSE:LCIIFree Report) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,720 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in LCI Industries were worth $342,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its position in shares of LCI Industries by 8.5% in the 3rd quarter. New York State Common Retirement Fund now owns 10,845 shares of the company’s stock worth $1,273,000 after buying an additional 847 shares in the last quarter. Swiss National Bank lifted its holdings in shares of LCI Industries by 0.9% in the third quarter. Swiss National Bank now owns 55,600 shares of the company’s stock valued at $6,529,000 after purchasing an additional 500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of LCI Industries by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 341,627 shares of the company’s stock valued at $40,114,000 after purchasing an additional 8,583 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of LCI Industries by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 4,895 shares of the company’s stock worth $573,000 after purchasing an additional 349 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of LCI Industries during the 3rd quarter worth approximately $1,202,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Performance

NYSE LCII opened at $104.30 on Friday. The business’s 50-day moving average price is $109.68 and its 200 day moving average price is $115.27. The company has a current ratio of 2.86, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. LCI Industries has a twelve month low of $102.39 and a twelve month high of $137.07. The company has a market capitalization of $2.65 billion, a PE ratio of 28.34 and a beta of 1.43.

LCI Industries (NYSE:LCIIGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.90. The firm had revenue of $968.00 million during the quarter, compared to the consensus estimate of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. LCI Industries’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, research analysts predict that LCI Industries will post 6.31 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $1.05 per share. The ex-dividend date is Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a yield of 4.03%. LCI Industries’s dividend payout ratio (DPR) is 114.13%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LCII. Roth Mkm raised their price target on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Robert W. Baird dropped their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.80.

Check Out Our Latest Analysis on LCI Industries

LCI Industries Company Profile

(Free Report)

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.

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

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