Envestnet Asset Management Inc. Has $11.94 Million Stake in LCI Industries (NYSE:LCII)

Envestnet Asset Management Inc. cut its holdings in LCI Industries (NYSE:LCII - Free Report) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,493 shares of the company's stock after selling 17,839 shares during the period. Envestnet Asset Management Inc. owned about 0.45% of LCI Industries worth $11,941,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in LCI Industries by 6.1% during 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 during the last quarter. Principal Financial Group Inc. increased its position in LCI Industries by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after buying an additional 11,286 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries during the fourth quarter worth $266,000. Smartleaf Asset Management LLC boosted its position in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after acquiring an additional 247 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of LCI Industries by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock valued at $5,952,000 after acquiring an additional 5,303 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

LCI Industries Trading Up 2.0 %

Shares of LCII stock traded up $1.61 during mid-day trading on Wednesday, reaching $80.45. 59,035 shares of the stock traded hands, compared to its average volume of 282,238. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 14.37 and a beta of 1.36. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The stock's fifty day simple moving average is $90.74 and its two-hundred day simple moving average is $104.22. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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 anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's dividend payout ratio is currently 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.