Victory Capital Management Inc. Purchases 14,969 Shares of LCI Industries (NYSE:LCII)

Victory Capital Management Inc. lifted its stake in LCI Industries (NYSE:LCII - Free Report) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 621,218 shares of the company's stock after acquiring an additional 14,969 shares during the quarter. Victory Capital Management Inc. owned approximately 2.44% of LCI Industries worth $74,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of LCI Industries by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company's stock worth $344,677,000 after purchasing an additional 15,670 shares in the last quarter. Dimensional Fund Advisors LP raised its position in LCI Industries by 5.9% during 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 position in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock worth $76,202,000 after acquiring an additional 36,487 shares in the last quarter. American Century Companies Inc. increased its stake in shares of LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company's stock worth $43,274,000 after purchasing an additional 97,877 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of LCI Industries by 4.7% during the 3rd quarter. Raymond James & Associates now owns 308,166 shares of the company's stock valued at $37,146,000 after purchasing an additional 13,866 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Performance

NYSE:LCII traded down $0.70 during mid-day trading on Thursday, hitting $114.21. 160,816 shares of the company's stock traded hands, compared to its average volume of 227,283. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $116.88 and a two-hundred day moving average of $111.69. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 22.28 and a beta of 1.41. LCI Industries has a 12 month low of $96.18 and a 12 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same quarter last year, the company posted $1.02 earnings per share. LCI Industries's quarterly revenue was down 4.6% on a year-over-year basis. On average, equities analysts forecast that LCI Industries will post 5.65 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries's payout ratio is presently 81.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LCII shares. Truist Financial upped their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They set a "market perform" rating for the company. StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $112.20.

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.