Vanguard Group Inc. boosted its stake in LCI Industries (NYSE:LCII - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,913,270 shares of the company's stock after buying an additional 56,794 shares during the quarter. Vanguard Group Inc. owned approximately 11.44% of LCI Industries worth $301,203,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of LCII. LPL Financial LLC raised its holdings in shares of LCI Industries by 21.0% in the fourth quarter. LPL Financial LLC now owns 26,178 shares of the company's stock valued at $2,770,000 after purchasing an additional 4,548 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in LCI Industries in the 4th quarter valued at about $558,000. Teacher Retirement System of Texas lifted its position in shares of LCI Industries by 22.4% during the 4th quarter. Teacher Retirement System of Texas now owns 4,019 shares of the company's stock worth $416,000 after buying an additional 735 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of LCI Industries in the 4th quarter worth approximately $240,000. Finally, Royce & Associates LP grew its holdings in shares of LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after acquiring an additional 172,586 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
LCI Industries Stock Performance
Shares of LCII traded up $6.39 during trading hours on Wednesday, hitting $81.46. The company's stock had a trading volume of 838,034 shares, compared to its average volume of 270,759. The business has a 50 day simple moving average of $96.55 and a two-hundred day simple moving average of $107.29. LCI Industries has a 52-week low of $72.36 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 14.55 and a beta of 1.36.
LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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%. On average, equities analysts expect 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 was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.65%. LCI Industries's payout ratio is 82.14%.
Wall Street Analyst Weigh In
LCII has been the topic of several research analyst reports. Truist Financial boosted their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird restated a "neutral" rating and set a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 31st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $117.20.
Check Out Our Latest Analysis on LCII
LCI Industries Profile
(
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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