Royce & Associates LP lifted its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 374,037 shares of the company's stock after acquiring an additional 68,682 shares during the period. Royce & Associates LP owned 1.47% of LCI Industries worth $45,086,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings 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 valued at $344,677,000 after buying an additional 15,670 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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. grew its holdings 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 purchasing an additional 36,487 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of LCI Industries by 2.5% during the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company's stock worth $74,882,000 after purchasing an additional 14,969 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 97,877 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
LCI Industries Stock Performance
LCII traded up $0.48 during trading on Friday, hitting $114.69. The stock had a trading volume of 214,195 shares, compared to its average volume of 227,224. The firm has a market capitalization of $2.92 billion, a P/E ratio of 22.21 and a beta of 1.41. The company's 50-day moving average price is $116.88 and its 200 day moving average price is $111.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36.
LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.08. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm's revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. On average, equities research analysts forecast that LCI Industries will post 5.51 EPS for the current fiscal year.
LCI Industries Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.01%. This is an increase from LCI Industries's previous quarterly dividend of $1.05. LCI Industries's dividend payout ratio (DPR) is 81.71%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LCII shares. Benchmark restated 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 raised their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, Raymond James started coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a "market perform" rating on the stock. 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. Based on data from MarketBeat, LCI Industries has a consensus rating of "Hold" and an average target price of $112.20.
Check Out Our Latest Research Report on LCI Industries
About LCI Industries
(
Free Report)
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.
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