Cerity Partners LLC Decreases Stock Holdings in LCI Industries (NYSE:LCII)

Cerity Partners LLC lowered its position in LCI Industries (NYSE:LCII - Free Report) by 93.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,660 shares of the company's stock after selling 40,245 shares during the quarter. Cerity Partners LLC's holdings in LCI Industries were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Quantitative Investments LLC acquired a new stake in shares of LCI Industries during the fourth quarter worth about $1,210,000. Landscape Capital Management L.L.C. acquired a new stake in LCI Industries during the 4th quarter worth approximately $270,000. ExodusPoint Capital Management LP purchased a new position in LCI Industries in the 4th quarter valued at approximately $294,000. Bryce Point Capital LLC acquired a new position in shares of LCI Industries in the fourth quarter worth $1,963,000. Finally, Headlands Technologies LLC purchased a new stake in shares of LCI Industries during the fourth quarter worth $59,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LCII. StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial lowered their price target on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird restated a "neutral" rating and issued a $100.00 price objective (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Finally, CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $111.60.

LCI Industries Price Performance

Shares of LCII traded down $1.24 during mid-day trading on Friday, reaching $78.76. 581,786 shares of the company's stock were exchanged, compared to its average volume of 289,056. 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 52-week low of $72.31 and a 52-week high of $129.38. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 1.36. The company has a 50-day simple moving average of $88.85 and a two-hundred day simple moving average of $103.42.

LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. On average, sell-side analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.84%. LCI Industries's payout ratio is 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.