FMR LLC reduced its stake in LCI Industries (NYSE:LCII - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,069,414 shares of the company's stock after selling 129,128 shares during the quarter. FMR LLC owned approximately 8.13% of LCI Industries worth $213,957,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC bought a new position in LCI Industries in the third quarter worth $260,000. Geode Capital Management LLC lifted its position in LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company's stock worth $68,090,000 after buying an additional 1,688 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of LCI Industries by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company's stock valued at $611,000 after purchasing an additional 143 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the 3rd quarter valued at $49,000. Finally, Tidal Investments LLC raised its holdings in LCI Industries by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock worth $1,133,000 after purchasing an additional 223 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.
LCI Industries Trading Down 1.0 %
Shares of NYSE:LCII traded down $0.77 during midday trading on Wednesday, hitting $75.65. 580,421 shares of the stock were exchanged, compared to its average volume of 277,984. The business's 50-day moving average price is $93.59 and its 200 day moving average price is $105.69. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.51 and a beta of 1.36. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.
LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. Analysts predict that LCI Industries will post 6.76 earnings per share for the current year.
LCI Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio is currently 82.14%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Truist Financial reduced their price target on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday. Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reiterated a "neutral" rating and set a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Finally, CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $111.60.
Read Our Latest Research Report on LCII
LCI Industries Company Profile
(
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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