Raymond James & Associates Increases Stock Position in LCI Industries (NYSE:LCII)

Raymond James & Associates lifted its position in shares of LCI Industries (NYSE:LCII - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,166 shares of the company's stock after purchasing an additional 13,866 shares during the period. Raymond James & Associates owned about 1.21% of LCI Industries worth $37,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in shares of LCI Industries in the 1st quarter valued at about $732,000. Comerica Bank increased its position in LCI Industries by 24.1% during the 1st quarter. Comerica Bank now owns 31,784 shares of the company's stock valued at $3,911,000 after purchasing an additional 6,174 shares during the period. Quadrature Capital Ltd raised its holdings in LCI Industries by 76.7% during the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company's stock worth $1,558,000 after purchasing an additional 5,500 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of LCI Industries by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company's stock worth $344,677,000 after purchasing an additional 15,670 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of LCI Industries in the 2nd quarter valued at $438,000. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Stock Down 1.7 %

Shares of NYSE:LCII opened at $115.96 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The business's 50 day simple moving average is $117.46 and its two-hundred day simple moving average is $111.12. The firm has a market cap of $2.95 billion, a P/E ratio of 31.51 and a beta of 1.41.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.24. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. LCI Industries's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. As a group, research analysts forecast that LCI Industries will post 5.97 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, August 30th. LCI Industries's dividend payout ratio is currently 114.13%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LCII shares. Raymond James initiated coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. StockNews.com downgraded LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Benchmark reaffirmed a "buy" rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Finally, Truist Financial boosted their price target on LCI Industries from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued 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 $112.20.

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.