T. Rowe Price Investment Management Inc. Decreases Stock Holdings in LCI Industries (NYSE:LCII)

T. Rowe Price Investment Management Inc. reduced its holdings in LCI Industries (NYSE:LCII - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,855 shares of the company's stock after selling 26,808 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.21% of LCI Industries worth $31,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after purchasing an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the 3rd quarter valued at about $49,000. Headlands Technologies LLC purchased a new stake in shares of LCI Industries in the fourth quarter worth about $59,000. Blue Trust Inc. grew its holdings in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company's stock worth $64,000 after acquiring an additional 234 shares during the period. Finally, Covestor Ltd grew its holdings in LCI Industries by 159.3% during the fourth quarter. Covestor Ltd now owns 765 shares of the company's stock worth $79,000 after acquiring an additional 470 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LCII shares. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Robert W. Baird reiterated a "neutral" rating and issued a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a research report on Friday, April 4th. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Finally, Truist Financial cut their price target on LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $111.60.

LCI Industries Price Performance

Shares of LCII stock traded up $1.02 on Tuesday, reaching $79.09. 252,724 shares of the company were exchanged, compared to its average volume of 289,684. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 14.12 and a beta of 1.36. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The business has a 50-day moving average price of $88.23 and a 200 day moving average price of $103.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS 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%. Equities research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.82%. LCI Industries's dividend payout ratio (DPR) is presently 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.