NewEdge Wealth LLC Has $2.26 Million Stock Position in LCI Industries (NYSE:LCII)

NewEdge Wealth LLC cut its stake in LCI Industries (NYSE:LCII - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,865 shares of the company's stock after selling 4,568 shares during the period. NewEdge Wealth LLC owned approximately 0.09% of LCI Industries worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of LCI Industries by 29.2% during the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock worth $36,975,000 after buying an additional 80,784 shares during the period. Royce & Associates LP lifted its stake in LCI Industries by 22.5% in the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company's stock valued at $45,086,000 after acquiring an additional 68,682 shares in the last quarter. Principal Financial Group Inc. boosted its position in LCI Industries by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock worth $76,202,000 after acquiring an additional 36,487 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of LCI Industries by 26.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company's stock worth $19,649,000 after acquiring an additional 34,110 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 31,376 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

NYSE LCII traded down $1.76 on Monday, hitting $102.06. 285,676 shares of the stock were exchanged, compared to its average volume of 222,036. The company has a market capitalization of $2.60 billion, a PE ratio of 18.23 and a beta of 1.44. 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 business's fifty day moving average is $104.79 and its 200 day moving average is $112.55. LCI Industries has a 52 week low of $96.19 and a 52 week high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last released 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 net margin of 3.82% and a return on equity of 10.28%. Research analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $1.15 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.51%. LCI Industries's payout ratio is 82.14%.

Analyst Ratings Changes

Several research analysts recently commented on LCII shares. Truist Financial increased their target price on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, February 10th. CJS Securities upgraded 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. Finally, StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $121.50.

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.