LCI Industries (NYSE:LCII) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of LCI Industries (NYSE:LCII) by 48.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,301 shares of the company’s stock after purchasing an additional 7,270 shares during the period. Deutsche Bank AG owned approximately 0.09% of LCI Industries worth $2,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. Headlands Technologies LLC acquired a new position in LCI Industries during the 4th quarter worth approximately $59,000. Blue Trust Inc. increased its position 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 purchasing an additional 234 shares during the period. Covestor Ltd grew its holdings in shares of LCI Industries by 159.3% in the 4th quarter. Covestor Ltd now owns 765 shares of the company’s stock worth $79,000 after acquiring an additional 470 shares during the period. Finally, Lido Advisors LLC acquired a new stake in shares of LCI Industries in the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LCII. Truist Financial lowered their price target on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Robert W. Baird lowered their price target on LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Finally, Wall Street Zen cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.50.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $88.78 on Friday. The business’s fifty day moving average price is $83.51 and its two-hundred day moving average price is $99.43. The stock has a market cap of $2.24 billion, a PE ratio of 15.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. LCI Industries has a one year low of $72.31 and a one year high of $129.38.

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

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Friday, May 30th. LCI Industries’s dividend payout ratio (DPR) is presently 75.41%.

LCI Industries announced that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.