Private Client Services LLC Takes $871,000 Position in LCI Industries (NYSE:LCII)

Private Client Services LLC acquired a new position in shares of LCI Industries (NYSE:LCII - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,420 shares of the company's stock, valued at approximately $871,000.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. grew its position in LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company's stock valued at $43,274,000 after buying an additional 97,877 shares during the last quarter. Royce & Associates LP lifted its stake in shares of LCI Industries by 22.5% in the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company's stock worth $45,086,000 after acquiring an additional 68,682 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of LCI Industries by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company's stock valued at $114,945,000 after acquiring an additional 62,354 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of LCI Industries by 6.1% during the third 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 period. Finally, Conestoga Capital Advisors LLC raised its holdings in LCI Industries by 26.5% during the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company's stock worth $19,649,000 after purchasing an additional 34,110 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

Shares of NYSE:LCII traded down $0.06 during trading on Wednesday, hitting $102.25. 183,629 shares of the stock were exchanged, compared to its average volume of 203,166. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company has a market cap of $2.60 billion, a PE ratio of 19.89 and a beta of 1.44. The company has a fifty day moving average price of $113.02 and a two-hundred day moving average price of $113.25. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. On average, analysts forecast that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $1.15 per share. This is an increase from LCI Industries's previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Friday, November 29th. LCI Industries's dividend payout ratio (DPR) is 89.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LCII shares. Truist Financial lowered their price objective on LCI Industries from $108.00 to $102.00 and set a "hold" rating on the stock in a report on Tuesday. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, StockNews.com upgraded LCI Industries from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $111.00.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 373,145 shares of the company's stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.

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.