Intech Investment Management LLC Buys 5,657 Shares of LCI Industries (NYSE:LCII)

Intech Investment Management LLC raised its stake in LCI Industries (NYSE:LCII - Free Report) by 133.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,889 shares of the company's stock after purchasing an additional 5,657 shares during the period. Intech Investment Management LLC's holdings in LCI Industries were worth $1,192,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LCII. Comerica Bank lifted its holdings in LCI Industries by 24.1% during the 1st quarter. Comerica Bank now owns 31,784 shares of the company's stock worth $3,911,000 after purchasing an additional 6,174 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in LCI Industries during the 2nd quarter worth $529,000. International Assets Investment Management LLC lifted its holdings in shares of LCI Industries by 5,533.7% during the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company's stock worth $1,250,000 after buying an additional 10,182 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company's stock worth $47,000 after buying an additional 361 shares in the last quarter. Finally, Creative Planning boosted its position in shares of LCI Industries by 110.8% in the third quarter. Creative Planning now owns 5,761 shares of the company's stock valued at $694,000 after acquiring an additional 3,028 shares during the period. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Performance

NYSE:LCII opened at $123.18 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The company has a 50 day simple moving average of $117.58 and a two-hundred day simple moving average of $112.36. The company has a market capitalization of $3.14 billion, a PE ratio of 23.97 and a beta of 1.41.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company posted $1.02 EPS. Research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.15 dividend. The ex-dividend date is Friday, November 29th. This is an increase from LCI Industries's previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.73%. LCI Industries's dividend payout ratio (DPR) is currently 81.71%.

Analyst Ratings Changes

A number of research firms recently commented on LCII. Benchmark reaffirmed a "buy" rating and issued a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Raymond James started coverage on shares of LCI Industries in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Truist Financial lifted their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, StockNews.com downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, LCI Industries currently has an average rating of "Hold" and a consensus price target of $112.20.

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.