Truist Financial Corp Sells 792 Shares of LCI Industries $LCII

Truist Financial Corp lowered its stake in LCI Industries (NYSE:LCII) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,513 shares of the company’s stock after selling 792 shares during the quarter. Truist Financial Corp’s holdings in LCI Industries were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in LCI Industries in the 1st quarter worth approximately $28,000. Signaturefd LLC lifted its position in LCI Industries by 591.5% during the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after acquiring an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after acquiring an additional 439 shares during the period. State of Wyoming purchased a new stake in shares of LCI Industries in the first quarter worth $46,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of LCI Industries by 45.5% in the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LCII shares. Wall Street Zen upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. BMO Capital Markets lifted their target price on LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $103.25.

LCI Industries Price Performance

Shares of LCII stock opened at $84.72 on Tuesday. The company has a market cap of $2.05 billion, a P/E ratio of 14.14 and a beta of 1.31. The stock’s 50-day moving average is $98.98 and its 200 day moving average is $92.18. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The business had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Research analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is currently 76.79%.

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.