Natixis Advisors LLC Acquires 4,318 Shares of LCI Industries (NYSE:LCII)

Natixis Advisors LLC grew its holdings in LCI Industries (NYSE:LCII) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,710 shares of the company’s stock after acquiring an additional 4,318 shares during the quarter. Natixis Advisors LLC owned 0.23% of LCI Industries worth $7,077,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UniSuper Management Pty Ltd bought a new stake in LCI Industries during the first quarter worth about $732,000. Comerica Bank lifted its position in LCI Industries by 24.1% during the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after purchasing an additional 6,174 shares during the period. Quadrature Capital Ltd lifted its position in LCI Industries by 76.7% during the first quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock worth $1,558,000 after purchasing an additional 5,500 shares during the period. Vanguard Group Inc. lifted its position in LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after purchasing an additional 15,670 shares during the period. Finally, Intech Investment Management LLC bought a new stake in LCI Industries during the second quarter worth about $438,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

LCI Industries Stock Performance

Shares of LCII stock opened at $119.67 on Friday. The business’s 50 day simple moving average is $117.17 and its 200 day simple moving average is $112.01. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The stock has a market capitalization of $3.05 billion, a PE ratio of 23.23 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. During the same period in the prior year, the business posted $1.02 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, research analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.84%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, November 29th. LCI Industries’s dividend payout ratio is presently 81.71%.

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.