28,329 Shares in LCI Industries (NYSE:LCII) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,329 shares of the company's stock, valued at approximately $28,000. Strategic Financial Concepts LLC owned about 0.11% of LCI Industries at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company's stock worth $47,000 after purchasing an additional 361 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries in the third quarter valued at approximately $49,000. Aubrey Capital Management Ltd acquired a new position in LCI Industries during the third quarter worth $208,000. Crossmark Global Holdings Inc. purchased a new position in LCI Industries in the third quarter worth $219,000. Finally, MML Investors Services LLC purchased a new position in LCI Industries in the third quarter worth $260,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, February 15th. Truist Financial boosted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Finally, CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $121.50.

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LCI Industries Price Performance

NYSE LCII traded up $0.41 during trading hours on Tuesday, reaching $106.69. The company's stock had a trading volume of 246,231 shares, compared to its average volume of 266,220. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company's 50-day moving average is $104.87 and its two-hundred day moving average is $112.71. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The stock has a market cap of $2.72 billion, a PE ratio of 19.05 and a beta of 1.44.

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

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.31%. The ex-dividend date is Friday, March 7th. LCI Industries's payout ratio is 82.14%.

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.