LCI Industries (NYSE:LCII) Shares Acquired by Amundi

Amundi boosted its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 177.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,380 shares of the company's stock after buying an additional 8,555 shares during the quarter. Amundi owned approximately 0.05% of LCI Industries worth $1,369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in LCI Industries during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC increased its position in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after purchasing an additional 247 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in LCI Industries during the 3rd quarter valued at about $49,000. Blue Trust Inc. increased its position in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after purchasing an additional 234 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in LCI Industries during the 3rd quarter valued at about $219,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

LCII has been the topic of a number of research reports. StockNews.com raised shares of LCI Industries from a "hold" rating to a "buy" rating in a research report on Tuesday. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research report on Wednesday, February 12th. Finally, Truist Financial raised their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $121.50.

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LCI Industries Stock Down 1.0 %

Shares of LCI Industries stock traded down $0.87 on Friday, reaching $87.98. The stock had a trading volume of 1,397,225 shares, compared to its average volume of 244,549. The company has a 50 day moving average price of $101.84 and a 200 day moving average price of $110.13. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a 1 year low of $86.23 and a 1 year high of $129.38. The stock has a market capitalization of $2.24 billion, a P/E ratio of 15.71 and a beta of 1.45.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.23%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio is presently 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.