International Assets Investment Management LLC Purchases 10,182 Shares of LCI Industries (NYSE:LCII)

International Assets Investment Management LLC lifted its position in shares of LCI Industries (NYSE:LCII - Free Report) by 5,533.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,366 shares of the company's stock after buying an additional 10,182 shares during the quarter. International Assets Investment Management LLC's holdings in LCI Industries were worth $1,250,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LCII. LRI Investments LLC bought a new stake in shares of LCI Industries in the 1st quarter worth about $46,000. Blue Trust Inc. increased its holdings in shares of LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company's stock worth $47,000 after buying an additional 361 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $66,000 after buying an additional 272 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of LCI Industries in the 1st quarter worth about $68,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of LCI Industries by 99.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company's stock worth $77,000 after buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

LCI Industries Stock Up 3.2 %

Shares of LCII traded up $3.60 during mid-day trading on Tuesday, hitting $115.22. The company's stock had a trading volume of 286,197 shares, compared to its average volume of 225,646. The company's 50-day moving average is $117.10 and its 200-day moving average is $111.33. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 23.99 and a beta of 1.41. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59.

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

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.65%. LCI Industries's payout ratio is presently 88.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Truist Financial lifted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Raymond James assumed coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a "market perform" rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.20.

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.