Royce & Associates LP Purchases 172,586 Shares of LCI Industries (NYSE:LCII)

Royce & Associates LP boosted its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 46.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 546,623 shares of the company's stock after buying an additional 172,586 shares during the period. Royce & Associates LP owned approximately 2.15% of LCI Industries worth $56,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. SkyView Investment Advisors LLC boosted its position in LCI Industries by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company's stock valued at $611,000 after purchasing an additional 143 shares during the last quarter. Keybank National Association OH increased its holdings in LCI Industries by 7.1% in the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company's stock worth $315,000 after buying an additional 202 shares during the last quarter. Inspire Advisors LLC raised its position in LCI Industries by 3.6% during the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock valued at $611,000 after acquiring an additional 206 shares in the last quarter. Tidal Investments LLC lifted its stake in LCI Industries by 2.4% in the third quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock valued at $1,133,000 after acquiring an additional 223 shares during the last quarter. Finally, Blue Trust Inc. grew its position in LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company's stock worth $64,000 after acquiring an additional 234 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

LCII has been the topic of a number of recent research reports. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a research note on Monday, February 10th. Finally, StockNews.com raised LCI Industries from a "hold" rating to a "buy" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.50.

LCI Industries Stock Performance

NYSE:LCII traded up $0.74 during mid-day trading on Thursday, hitting $88.99. 393,733 shares of the company's stock traded hands, compared to its average volume of 240,231. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.89 and a beta of 1.45. The firm has a 50 day moving average of $102.32 and a two-hundred day moving average of $110.48. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. LCI Industries has a 12 month low of $86.23 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business 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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Friday, March 7th. LCI Industries's dividend payout ratio is currently 82.14%.

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.