Corient Private Wealth LLC Sells 352 Shares of LCI Industries (NYSE:LCII)

Corient Private Wealth LLC lessened its holdings in shares of LCI Industries (NYSE:LCII) by 10.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,924 shares of the company’s stock after selling 352 shares during the period. Corient Private Wealth LLC’s holdings in LCI Industries were worth $302,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after purchasing an additional 25,145 shares in the last quarter. Principal Financial Group Inc. boosted its position in 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 during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries in the 4th quarter valued at $266,000. Smartleaf Asset Management LLC increased its stake in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after acquiring an additional 5,303 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LCII shares. 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 lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Truist Financial boosted their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $121.50.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $87.48 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 15.62 and a beta of 1.45. The stock’s 50-day moving average is $100.01 and its 200-day moving average is $109.11. LCI Industries has a one year low of $85.69 and a one year high of $129.38.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 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 predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.26%. LCI Industries’s dividend payout ratio is presently 82.14%.

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.