PNC Financial Services Group Inc. Sells 143 Shares of LCI Industries (NYSE:LCII)

PNC Financial Services Group Inc. trimmed its position in shares of LCI Industries (NYSE:LCII) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,747 shares of the company’s stock after selling 143 shares during the quarter. PNC Financial Services Group Inc.’s holdings in LCI Industries were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of LCI Industries during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its stake in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the third quarter valued at approximately $49,000. Blue Trust Inc. increased its position in shares of LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in shares of LCI Industries during the third quarter worth $260,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of NYSE LCII opened at $88.99 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 15.89 and a beta of 1.45. LCI Industries has a 52 week low of $86.23 and a 52 week high of $129.38. The stock has a 50 day moving average price of $102.05 and a 200 day moving average price of $110.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 5.17%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LCII. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Truist Financial lifted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

LCI Industries 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.