Evergreen Capital Management LLC Trims Holdings in LCI Industries (NYSE:LCII)

Evergreen Capital Management LLC lowered its position in shares of LCI Industries (NYSE:LCII) by 15.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,055 shares of the company’s stock after selling 368 shares during the quarter. Evergreen Capital Management LLC’s holdings in LCI Industries were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LCII. Norges Bank purchased a new stake in shares of LCI Industries during the fourth quarter worth about $33,784,000. American Century Companies Inc. grew its holdings in LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after buying an additional 97,877 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the last quarter. Pembroke Management LTD lifted its holdings in shares of LCI Industries by 50.8% in the first quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock worth $6,646,000 after buying an additional 18,194 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of LCI Industries by 16.1% during the second quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company’s stock worth $13,325,000 after acquiring an additional 17,845 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Up 1.1 %

Shares of NYSE:LCII opened at $120.04 on Friday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 32.62 and a beta of 1.41. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $114.93 and a 200 day moving average price of $110.75.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.31 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts predict that LCI Industries will post 6.01 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio is currently 114.13%.

Wall Street Analyst Weigh In

LCII has been the topic of a number of research reports. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial boosted their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.67.

About LCI Industries

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.