LCI Industries (NYSE:LCII) Stock Position Lifted by Congress Asset Management Co.

Congress Asset Management Co. boosted its holdings in LCI Industries (NYSE:LCII - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,565 shares of the company's stock after purchasing an additional 5,303 shares during the period. Congress Asset Management Co. owned about 0.23% of LCI Industries worth $5,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of LCI Industries by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company's stock worth $49,575,000 after purchasing an additional 29,192 shares during the period. Nordea Investment Management AB acquired a new position in LCI Industries in the fourth quarter valued at approximately $2,394,000. International Assets Investment Management LLC grew its holdings in shares of LCI Industries by 5,533.7% during the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company's stock valued at $1,250,000 after purchasing an additional 10,182 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of LCI Industries in the 3rd quarter worth approximately $260,000. Finally, Blue Trust Inc. boosted its position in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company's stock valued at $47,000 after purchasing an additional 361 shares during the period. Institutional investors own 99.71% of the company's stock.

Insider Transactions at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares of the company's stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company's stock.

LCI Industries Price Performance

NYSE:LCII traded down $2.07 during mid-day trading on Thursday, reaching $107.05. 110,771 shares of the stock were exchanged, compared to its average volume of 264,123. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average price of $105.49 and a 200 day moving average price of $112.81. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The firm has a market capitalization of $2.73 billion, a PE ratio of 19.12 and a beta of 1.44.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. Research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.30%. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $121.50.

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.