Franklin Resources Inc. reduced its stake in LCI Industries (NYSE:LCII - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,632 shares of the company's stock after selling 139,807 shares during the period. Franklin Resources Inc. owned approximately 0.70% of LCI Industries worth $18,365,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of LCII. Vanguard Group Inc. grew its stake in shares of LCI Industries by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after acquiring an additional 56,794 shares during the period. Principal Financial Group Inc. grew its holdings in LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after purchasing an additional 11,286 shares during the period. Victory Capital Management Inc. increased its position in LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after buying an additional 15,057 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of LCI Industries by 0.3% in the third 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 during the period. Finally, Royce & Associates LP lifted its position in shares of LCI Industries by 46.1% during the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after buying an additional 172,586 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
LCII has been the topic of several analyst reports. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday. Robert W. Baird reissued a "neutral" rating and issued a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Truist Financial raised their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $117.20.
Check Out Our Latest Stock Report on LCII
LCI Industries Stock Down 0.7 %
Shares of LCI Industries stock traded down $0.54 during trading on Friday, hitting $77.00. 615,536 shares of the stock traded hands, compared to its average volume of 273,612. 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's fifty day simple moving average is $94.57 and its 200 day simple moving average is $106.27. The firm has a market cap of $1.94 billion, a P/E ratio of 13.75 and a beta of 1.36. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38.
LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating 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%. On average, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.
LCI Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.97%. LCI Industries's dividend payout ratio is presently 82.14%.
LCI Industries 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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