LPL Financial LLC Grows Position in LCI Industries (NYSE:LCII)

LPL Financial LLC boosted its position in LCI Industries (NYSE:LCII - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,178 shares of the company's stock after acquiring an additional 4,548 shares during the quarter. LPL Financial LLC owned 0.10% of LCI Industries worth $2,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of LCI Industries during the 4th quarter valued at about $558,000. Teacher Retirement System of Texas boosted its position in LCI Industries by 22.4% during the fourth quarter. Teacher Retirement System of Texas now owns 4,019 shares of the company's stock valued at $416,000 after buying an additional 735 shares during the period. Cibc World Markets Corp purchased a new stake in LCI Industries during the fourth quarter valued at about $240,000. Royce & Associates LP grew its stake in shares of LCI Industries by 46.1% during the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after buying an additional 172,586 shares during the last quarter. Finally, Impact Capital Partners LLC purchased a new position in shares of LCI Industries in the fourth quarter worth about $369,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

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

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LCI Industries Stock Down 2.4 %

Shares of LCI Industries stock traded down $1.87 during trading on Wednesday, hitting $74.55. The company's stock had a trading volume of 240,995 shares, compared to its average volume of 404,110. LCI Industries has a 52 week low of $72.31 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 company has a fifty day simple moving average of $93.59 and a two-hundred day simple moving average of $105.69. The company has a market capitalization of $1.88 billion, a PE ratio of 13.31 and a beta of 1.36.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 6.17%. LCI Industries's dividend payout ratio is presently 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.