LCI Industries (NYSE:LCII) Shares Acquired by Creative Planning

Creative Planning increased its position in LCI Industries (NYSE:LCII) by 110.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,761 shares of the company’s stock after acquiring an additional 3,028 shares during the period. Creative Planning’s holdings in LCI Industries were worth $694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC acquired a new stake in shares of LCI Industries in the 1st quarter worth approximately $46,000. GAMMA Investing LLC grew its holdings in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of LCI Industries in the 1st quarter worth approximately $68,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of LCI Industries by 99.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in LCI Industries in the 2nd quarter valued at approximately $93,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Up 1.2 %

Shares of LCI Industries stock opened at $112.58 on Monday. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The firm has a market cap of $2.87 billion, a PE ratio of 23.60 and a beta of 1.41. The business’s fifty day moving average is $117.30 and its two-hundred day moving average is $111.28. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.31 EPS. Analysts anticipate that LCI Industries will post 5.97 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. Investors of record on Friday, August 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is currently 88.05%.

Analyst Ratings Changes

LCII has been the topic of a number of recent research reports. Truist Financial upped their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Raymond James initiated coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Profile

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.