LCI Industries (NYSE:LCII) Stake Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in shares of LCI Industries (NYSE:LCII) by 205.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 367 shares of the company’s stock after acquiring an additional 247 shares during the period. Smartleaf Asset Management LLC’s holdings in LCI Industries were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after purchasing an additional 29,192 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of LCI Industries by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after buying an additional 11,286 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of LCI Industries in the 4th quarter valued at approximately $266,000. Congress Asset Management Co. grew its stake in shares of LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after buying an additional 5,303 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of LCI Industries in the 4th quarter valued at approximately $2,394,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LCII has been the subject of several recent research reports. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Wednesday, February 12th. Finally, Truist Financial upped their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and a consensus price target of $121.50.

LCI Industries Stock Down 4.7 %

Shares of LCI Industries stock opened at $91.52 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $104.01 and a two-hundred day moving average price of $111.70. The stock has a market capitalization of $2.33 billion, a P/E ratio of 16.34 and a beta of 1.45. LCI Industries has a 12-month low of $89.91 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Equities analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is 82.14%.

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.