LCI Industries (NYSE:LCII) Shares Sold by Boston Partners

Boston Partners trimmed its stake in LCI Industries (NYSE:LCII) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 469,365 shares of the company’s stock after selling 21,008 shares during the quarter. Boston Partners owned approximately 1.86% of LCI Industries worth $59,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LCII. Vanguard Group Inc. raised its holdings in LCI Industries by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,778,306 shares of the company’s stock worth $281,887,000 after buying an additional 29,035 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of LCI Industries by 9.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,404,644 shares of the company’s stock valued at $264,198,000 after acquiring an additional 206,194 shares during the period. JPMorgan Chase & Co. lifted its position in shares of LCI Industries by 23.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,194,933 shares of the company’s stock valued at $131,287,000 after acquiring an additional 230,682 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in LCI Industries by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,050,391 shares of the company’s stock worth $132,726,000 after purchasing an additional 55,746 shares during the period. Finally, Principal Financial Group Inc. grew its position in LCI Industries by 8.2% during the 1st quarter. Principal Financial Group Inc. now owns 629,870 shares of the company’s stock worth $69,203,000 after purchasing an additional 47,975 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Price Performance

NYSE LCII opened at $113.91 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.97 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.89 billion, a PE ratio of 58.71 and a beta of 1.48. LCI Industries has a 12-month low of $89.89 and a 12-month high of $137.07. The company has a 50 day moving average price of $114.11 and a two-hundred day moving average price of $119.37.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.36). LCI Industries had a net margin of 1.29% and a return on equity of 3.61%. The business had revenue of $959.32 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm posted $2.40 EPS. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. As a group, equities analysts predict that LCI Industries will post 3.08 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, November 30th. LCI Industries’s dividend payout ratio is 216.50%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TheStreet cut LCI Industries from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. CJS Securities downgraded LCI Industries from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 9th. DA Davidson cut shares of LCI Industries from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $113.00 to $91.00 in a report on Friday, October 6th. StockNews.com initiated coverage on shares of LCI Industries in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Truist Financial cut their target price on shares of LCI Industries from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.50.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.