Victory Capital Management Inc. Has $65.78 Million Stock Holdings in LCI Industries (NYSE:LCII)

Victory Capital Management Inc. increased its position in shares of LCI Industries (NYSE:LCII - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636,275 shares of the company's stock after acquiring an additional 15,057 shares during the quarter. Victory Capital Management Inc. owned about 2.50% of LCI Industries worth $65,784,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LCII. Bank of New York Mellon Corp lifted its position in LCI Industries by 29.2% during the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock valued at $36,975,000 after purchasing an additional 80,784 shares during the period. Royce & Associates LP lifted its holdings in LCI Industries by 22.5% in the third quarter. Royce & Associates LP now owns 374,037 shares of the company's stock valued at $45,086,000 after buying an additional 68,682 shares during the period. Principal Financial Group Inc. lifted its holdings in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock valued at $76,202,000 after buying an additional 36,487 shares during the period. Franklin Resources Inc. boosted its stake in LCI Industries by 11.0% in the third quarter. Franklin Resources Inc. now owns 317,439 shares of the company's stock valued at $37,607,000 after acquiring an additional 31,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company's stock worth $49,575,000 after acquiring an additional 29,192 shares during the period. Institutional investors own 99.71% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LCII shares. Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, February 10th. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Finally, StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, February 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, LCI Industries has a consensus rating of "Hold" and an average price target of $121.50.

LCI Industries Stock Down 1.5 %

Shares of LCI Industries stock traded down $1.52 on Friday, hitting $98.31. The company had a trading volume of 333,890 shares, compared to its average volume of 224,891. LCI Industries has a twelve month low of $95.09 and a twelve month high of $129.38. 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 50-day moving average of $104.36 and a 200-day moving average of $112.06. The firm has a market capitalization of $2.50 billion, a P/E ratio of 17.56 and a beta of 1.45.

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 return on equity of 10.28% and a net margin of 3.82%. Research analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $1.15 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 4.68%. LCI Industries's payout ratio is currently 82.14%.

About LCI Industries

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.