Congress Wealth Management LLC DE lowered its position in LCI Industries (NYSE:LCII - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,484 shares of the company's stock after selling 12,424 shares during the period. Congress Wealth Management LLC DE's holdings in LCI Industries were worth $981,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of LCII. Charles Schwab Investment Management Inc. increased its stake in shares of LCI Industries by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock worth $45,122,000 after purchasing an additional 25,145 shares during the last quarter. Principal Financial Group Inc. raised its stake 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 acquiring an additional 11,286 shares during the period. CIBC Asset Management Inc bought a new stake in LCI Industries in the 4th quarter valued at about $266,000. Smartleaf Asset Management LLC lifted its holdings in LCI Industries by 205.8% during the fourth 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 last quarter. Finally, Congress Asset Management Co. boosted its position in 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 purchasing an additional 5,303 shares during the period. Institutional investors own 99.71% of the company's stock.
LCI Industries Price Performance
Shares of NYSE LCII traded down $0.55 during midday trading on Monday, hitting $86.85. 137,572 shares of the company's stock were exchanged, compared to its average volume of 257,619. The business's fifty day moving average price is $100.40 and its two-hundred day moving average price is $109.29. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 15.45 and a beta of 1.45. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. LCI Industries has a 12-month low of $85.67 and a 12-month high of $129.38.
LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.
LCI Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.
Wall Street Analysts Forecast Growth
LCII has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, February 10th. CJS Securities upgraded 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, StockNews.com raised LCI Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, LCI Industries presently has a consensus rating of "Moderate Buy" and an average target price of $121.50.
Get Our Latest Research Report on LCII
LCI Industries Company Profile
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Free Report)
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.
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