LPL Financial LLC Has $2.77 Million Position in LCI Industries (NYSE:LCII)

LPL Financial LLC raised its stake in shares of LCI Industries (NYSE:LCII) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,178 shares of the company’s stock after purchasing an additional 4,548 shares during the period. LPL Financial LLC owned 0.10% of LCI Industries worth $2,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in shares of LCI Industries during the 4th quarter worth $28,000. Smartleaf Asset Management LLC grew its position in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries in the third quarter worth about $49,000. Blue Trust Inc. lifted its position in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of LCI Industries during the 4th quarter worth about $240,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Baird R W downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird reiterated a “neutral” rating and set a $100.00 target price (down from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Truist Financial increased their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.20.

LCI Industries Trading Down 0.7 %

Shares of LCI Industries stock opened at $77.00 on Friday. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The firm has a market capitalization of $1.94 billion, a PE ratio of 13.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The company’s fifty day moving average price is $94.57 and its two-hundred day moving average price is $106.27.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.97%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

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.