LCI Industries (NYSE:LCII) Stock Holdings Cut by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC trimmed its position in shares of LCI Industries (NYSE:LCIIFree Report) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,030 shares of the company’s stock after selling 1,117 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in LCI Industries were worth $2,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund raised its holdings in LCI Industries by 8.5% during the third quarter. New York State Common Retirement Fund now owns 10,845 shares of the company’s stock valued at $1,273,000 after buying an additional 847 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in LCI Industries by 9.4% during the third quarter. Zions Bancorporation N.A. now owns 10,174 shares of the company’s stock valued at $1,195,000 after buying an additional 870 shares in the last quarter. Arizona State Retirement System raised its holdings in LCI Industries by 1.4% during the third quarter. Arizona State Retirement System now owns 7,203 shares of the company’s stock valued at $846,000 after buying an additional 97 shares in the last quarter. Seizert Capital Partners LLC raised its holdings in LCI Industries by 3.1% during the third quarter. Seizert Capital Partners LLC now owns 14,126 shares of the company’s stock valued at $1,659,000 after buying an additional 420 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in LCI Industries during the third quarter valued at about $1,804,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, Director Brendan Deely sold 2,750 shares of LCI Industries stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $116.31, for a total transaction of $319,852.50. Following the sale, the director now directly owns 11,629 shares of the company’s stock, valued at $1,352,568.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

LCI Industries Stock Up 1.7 %

LCII stock opened at $114.68 on Friday. LCI Industries has a twelve month low of $100.25 and a twelve month high of $137.07. The company has a market cap of $2.90 billion, a PE ratio of 59.11 and a beta of 1.38. The business’s 50-day simple moving average is $119.23 and its 200 day simple moving average is $118.73. The company has a quick ratio of 1.06, a current ratio of 2.97 and a debt-to-equity ratio of 0.66.

LCI Industries (NYSE:LCIIGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.36). The company had revenue of $959.32 million for the quarter, compared to analyst estimates of $1.01 billion. LCI Industries had a net margin of 1.29% and a return on equity of 3.61%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 earnings per share. On average, research analysts anticipate that LCI Industries will post 2.67 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, November 30th. LCI Industries’s payout ratio is 216.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LCII shares. TheStreet lowered LCI Industries from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $105.00 to $100.00 in a research note on Monday, January 22nd. Truist Financial reiterated a “hold” rating and issued a $110.00 price objective (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Finally, Roth Mkm dropped their price objective on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.50.

View Our Latest Stock Report on LCI Industries

About LCI Industries

(Free Report)

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.

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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