Thrivent Financial for Lutherans Lowers Position in LCI Industries (NYSE:LCII)

Thrivent Financial for Lutherans lowered its position in LCI Industries (NYSE:LCII - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,681 shares of the company's stock after selling 26,696 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of LCI Industries worth $2,035,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after purchasing an additional 11,286 shares during the last quarter. Victory Capital Management Inc. grew its stake in LCI Industries by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after buying an additional 15,057 shares during the last quarter. Geode Capital Management LLC grew its stake in LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company's stock worth $68,090,000 after buying an additional 1,688 shares during the last quarter. Royce & Associates LP increased its position in LCI Industries by 46.1% during the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after buying an additional 172,586 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock valued at $45,122,000 after buying an additional 25,145 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

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Wall Street Analyst Weigh In

LCII has been the topic of a number of research analyst reports. Truist Financial boosted their price target on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. StockNews.com raised shares of LCI Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, LCI Industries has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

LCI Industries Stock Performance

NYSE LCII traded up $0.08 during trading hours on Monday, reaching $87.48. The stock had a trading volume of 430,685 shares, compared to its average volume of 373,916. LCI Industries has a 52-week low of $85.69 and a 52-week high of $129.38. The stock has a fifty day moving average of $100.40 and a 200 day moving average of $109.29. 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 stock has a market cap of $2.23 billion, a P/E ratio of 15.62 and a beta of 1.45.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's dividend payout ratio is currently 82.14%.

About LCI Industries

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.