Invesco Ltd. Has $11.23 Million Position in LCI Industries (NYSE:LCII)

Invesco Ltd. lessened its holdings in shares of LCI Industries (NYSE:LCII) by 67.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 108,616 shares of the company’s stock after selling 225,517 shares during the period. Invesco Ltd. owned 0.43% of LCI Industries worth $11,230,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in LCI Industries in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC increased its stake in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the 3rd quarter valued at approximately $49,000. Headlands Technologies LLC bought a new position in LCI Industries during the 4th quarter worth approximately $59,000. Finally, Blue Trust Inc. boosted its stake in 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 acquiring an additional 234 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

NYSE LCII opened at $78.84 on Wednesday. The firm’s 50 day moving average is $90.74 and its 200-day moving average is $104.22. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $1.99 billion, a PE ratio of 14.08 and a beta of 1.36. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Equities research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio is currently 82.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LCII shares. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. 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 report on Friday, April 4th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Truist Financial cut their price objective on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.60.

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.