11,761 Shares in LCI Industries (NYSE:LCII) Purchased by Edge Capital Group LLC

Edge Capital Group LLC acquired a new stake in shares of LCI Industries (NYSE:LCII - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,761 shares of the company's stock, valued at approximately $1,216,000.

Several other large investors also recently bought and sold shares of the business. Royce & Associates LP grew its position in shares of LCI Industries by 22.5% during the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company's stock valued at $45,086,000 after acquiring an additional 68,682 shares during the period. Principal Financial Group Inc. increased its position in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock worth $76,202,000 after buying an additional 36,487 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of LCI Industries by 26.5% in the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company's stock worth $19,649,000 after buying an additional 34,110 shares during the period. Franklin Resources Inc. lifted its position in shares of LCI Industries by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company's stock valued at $37,607,000 after buying an additional 31,376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company's stock valued at $49,575,000 after acquiring an additional 29,192 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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LCI Industries Price Performance

Shares of NYSE:LCII traded up $1.08 during midday trading on Friday, reaching $103.74. 386,302 shares of the company were exchanged, compared to its average volume of 266,774. The stock has a market cap of $2.64 billion, a PE ratio of 18.53 and a beta of 1.44. The business's fifty day moving average is $104.81 and its two-hundred day moving average is $112.58. LCI Industries has a one year low of $96.18 and a one year 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.

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 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, analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, March 7th. LCI Industries's payout ratio is 82.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, February 15th. CJS Securities upgraded 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 note on Wednesday, February 12th. Finally, Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.