Nisa Investment Advisors LLC Sells 5,264 Shares of LCI Industries (NYSE:LCII)

Nisa Investment Advisors LLC cut its holdings in LCI Industries (NYSE:LCII - Free Report) by 26.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,581 shares of the company's stock after selling 5,264 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of LCI Industries worth $1,758,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LCII. LRI Investments LLC acquired a new position in LCI Industries during the 1st quarter worth $46,000. Blue Trust Inc. lifted its stake in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company's stock valued at $47,000 after acquiring an additional 361 shares during the period. GAMMA Investing LLC boosted its holdings in LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $66,000 after acquiring an additional 272 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in LCI Industries in the first quarter worth about $68,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company's stock worth $77,000 after purchasing an additional 370 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Up 1.2 %

Shares of NYSE LCII traded up $1.30 during midday trading on Friday, reaching $112.58. 199,625 shares of the stock were exchanged, compared to its average volume of 171,303. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 23.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The business has a 50-day simple moving average of $117.30 and a two-hundred day simple moving average of $111.22.

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

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, August 30th. LCI Industries's payout ratio is currently 88.05%.

Analyst Upgrades and Downgrades

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