Charles Schwab Investment Management Inc. Purchases 25,145 Shares of LCI Industries (NYSE:LCII)

Charles Schwab Investment Management Inc. boosted its position in shares of LCI Industries (NYSE:LCII - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 436,423 shares of the company's stock after purchasing an additional 25,145 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.71% of LCI Industries worth $45,122,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in LCI Industries during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of LCI Industries by 205.8% during the 4th 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries during the 3rd quarter valued at about $49,000. Blue Trust Inc. boosted its holdings in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after acquiring an additional 234 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of LCI Industries during the 3rd quarter valued at about $219,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LCII. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Truist Financial raised their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a report on Monday, February 10th. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $121.50.

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LCI Industries Stock Performance

Shares of LCII traded down $1.50 on Tuesday, reaching $88.19. The company's stock had a trading volume of 334,456 shares, compared to its average volume of 237,004. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market capitalization of $2.25 billion, a P/E ratio of 15.75 and a beta of 1.45. The stock's 50 day simple moving average is $102.89 and its two-hundred day simple moving average is $110.85. LCI Industries has a 12-month low of $86.56 and a 12-month 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 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date is Friday, March 7th. LCI Industries's payout ratio is 82.14%.

LCI Industries Company 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.