Cetera Investment Advisers Has $298,000 Stock Holdings in LCI Industries $LCII

Cetera Investment Advisers trimmed its stake in shares of LCI Industries (NYSE:LCII) by 97.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,412 shares of the company’s stock after selling 157,854 shares during the quarter. Cetera Investment Advisers’ holdings in LCI Industries were worth $298,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in LCI Industries in the fourth quarter valued at about $3,526,000. Marshall Wace LLP increased its holdings in LCI Industries by 35.8% in the 4th quarter. Marshall Wace LLP now owns 3,785 shares of the company’s stock valued at $391,000 after buying an additional 997 shares during the period. Dimensional Fund Advisors LP raised its position in shares of LCI Industries by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock valued at $127,904,000 after buying an additional 87,764 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of LCI Industries by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 14,909 shares of the company’s stock valued at $1,541,000 after buying an additional 769 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of LCI Industries by 22.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,284 shares of the company’s stock worth $1,477,000 after acquiring an additional 2,656 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LCII. BMO Capital Markets lifted their price objective on shares of LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Truist Financial lifted their price target on LCI Industries from $80.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Finally, Robert W. Baird lowered their price target on LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $103.25.

LCI Industries Price Performance

Shares of LCII opened at $101.8460 on Thursday. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The business has a 50-day simple moving average of $96.41 and a two-hundred day simple moving average of $92.36. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.47 billion, a PE ratio of 17.00 and a beta of 1.25.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $2.40 earnings per share. Analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 29th. LCI Industries’s payout ratio is presently 76.79%.

LCI Industries declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

LCI Industries Company 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.