LCI Industries (NYSE:LCII) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in LCI Industries (NYSE:LCII - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,119 shares of the company's stock after acquiring an additional 87,764 shares during the period. Dimensional Fund Advisors LP owned 4.86% of LCI Industries worth $127,904,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LCII. Charles Schwab Investment Management Inc. raised its stake in shares of LCI Industries by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock valued at $45,122,000 after purchasing an additional 25,145 shares in the last quarter. Principal Financial Group Inc. increased its holdings in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after buying an additional 11,286 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in LCI Industries during the fourth quarter valued at approximately $266,000. Smartleaf Asset Management LLC lifted its holdings in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after buying an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in LCI Industries by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock worth $5,952,000 after buying an additional 5,303 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

LCI Industries Stock Performance

NYSE:LCII traded up $1.02 during mid-day trading on Tuesday, hitting $79.09. The stock had a trading volume of 252,724 shares, compared to its average volume of 289,684. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. 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 stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.12 and a beta of 1.36. The company has a 50 day simple moving average of $88.23 and a 200-day simple moving average of $103.07.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. On average, 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 declared 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. 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 5.82%. LCI Industries's dividend payout ratio (DPR) 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.