Allianz Asset Management GmbH Has $2.01 Million Position in LCI Industries $LCII

Allianz Asset Management GmbH raised its holdings in LCI Industries (NYSE:LCII) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,047 shares of the company’s stock after buying an additional 1,700 shares during the period. Allianz Asset Management GmbH owned 0.09% of LCI Industries worth $2,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Curated Wealth Partners LLC acquired a new stake in LCI Industries in the 2nd quarter valued at $205,000. Bayforest Capital Ltd acquired a new stake in LCI Industries in the 2nd quarter valued at $834,000. TD Asset Management Inc increased its stake in shares of LCI Industries by 4.3% during the 2nd quarter. TD Asset Management Inc now owns 6,635 shares of the company’s stock worth $605,000 after purchasing an additional 271 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of LCI Industries by 65.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,457 shares of the company’s stock valued at $406,000 after purchasing an additional 1,763 shares during the period. Finally, CWM LLC raised its holdings in shares of LCI Industries by 1,046.0% in the 2nd quarter. CWM LLC now owns 2,716 shares of the company’s stock valued at $248,000 after purchasing an additional 2,479 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Up 1.1%

Shares of LCII opened at $92.03 on Friday. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The firm’s 50 day moving average is $97.18 and its 200-day moving average is $92.55. The stock has a market capitalization of $2.23 billion, a PE ratio of 15.36 and a beta of 1.31. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. Equities research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio is 76.79%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LCII shares. Truist Financial upped their target price on shares of LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Saturday. Wall Street Zen raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets increased their price target on shares of LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a report on Wednesday, August 6th. One investment 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 data from MarketBeat.com, LCI Industries has an average rating of “Hold” and an average target price of $104.00.

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.