Quest Partners LLC Cuts Stock Position in LCI Industries (NYSE:LCII)

Quest Partners LLC decreased its position in shares of LCI Industries (NYSE:LCII) by 47.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,169 shares of the company’s stock after selling 1,985 shares during the period. Quest Partners LLC’s holdings in LCI Industries were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in shares of LCI Industries by 4.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after purchasing an additional 90 shares in the last quarter. nVerses Capital LLC grew its position in shares of LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. grew its position in shares of LCI Industries by 6.4% during the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after purchasing an additional 105 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of LCI Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 2.8 %

Shares of NYSE LCII opened at $123.18 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The company has a market cap of $3.14 billion, a P/E ratio of 23.97 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The firm has a 50-day simple moving average of $117.54 and a two-hundred day simple moving average of $112.31.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. Research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is currently 81.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James assumed coverage on LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Truist Financial lifted their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.20.

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.