Impact Capital Partners LLC purchased a new position in LCI Industries (NYSE:LCII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,565 shares of the company's stock, valued at approximately $369,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock worth $45,122,000 after buying an additional 25,145 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of LCI Industries by 1.8% in the fourth 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 last quarter. CIBC Asset Management Inc purchased a new position in shares of LCI Industries in the fourth quarter worth $266,000. Smartleaf Asset Management LLC raised its holdings 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 worth $37,000 after buying an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings 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 worth $5,952,000 after buying an additional 5,303 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
LCI Industries Stock Performance
Shares of LCI Industries stock traded down $1.50 during trading on Tuesday, hitting $88.19. 334,456 shares of the company's stock were exchanged, compared to its average volume of 237,004. LCI Industries has a 52-week low of $86.56 and a 52-week 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. The business has a 50-day simple moving average of $102.89 and a 200-day simple moving average of $110.85. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 15.75 and a beta of 1.45.
LCI Industries (NYSE:LCII - Get Free Report) last released 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 net margin of 3.82% and a return on equity of 10.28%. On average, research analysts forecast that LCI Industries will post 6.76 EPS for the current year.
LCI Industries Announces Dividend
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 issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.22%. LCI Industries's payout ratio is 82.14%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on LCII. 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 report on Monday, February 10th. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Finally, CJS Securities raised shares of 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, LCI Industries currently has an average rating of "Hold" and a consensus target price of $121.50.
Get Our Latest Stock Report on LCII
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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