Tower Research Capital LLC TRC Lowers Stock Position in LCI Industries (NYSE:LCII)

Tower Research Capital LLC TRC decreased its position in LCI Industries (NYSE:LCII) by 85.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281 shares of the company’s stock after selling 1,676 shares during the period. Tower Research Capital LLC TRC’s holdings in LCI Industries were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LCII. Summit Investment Advisors Inc. grew its stake in LCI Industries by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company’s stock valued at $268,000 after acquiring an additional 130 shares in the last quarter. Keybank National Association OH boosted its position in LCI Industries by 7.1% in the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock valued at $315,000 after buying an additional 202 shares during the period. Inspire Advisors LLC lifted its stake in LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after acquiring an additional 206 shares during the period. Blue Trust Inc. boosted its position in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after acquiring an additional 234 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in LCI Industries by 11.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company’s stock worth $234,000 after purchasing an additional 238 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LCII shares. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird decreased their target price on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Truist Financial decreased their price target on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Baird R W cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, CJS Securities raised 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, LCI Industries has an average rating of “Hold” and a consensus price target of $112.50.

LCI Industries Trading Down 0.5%

Shares of LCII stock opened at $88.90 on Friday. The business’s 50 day moving average is $83.46 and its two-hundred day moving average is $100.23. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.24 billion, a P/E ratio of 15.88 and a beta of 1.26.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.55 by $0.64. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 earnings per share. Equities analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.17%. LCI Industries’s payout ratio is 75.41%.

LCI Industries announced that its Board of Directors has approved a stock buyback program on Thursday, May 15th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.