Vanguard Group Inc. Sells 11,635 Shares of LCI Industries (NYSE:LCII)

Vanguard Group Inc. decreased its stake in shares of LCI Industries (NYSE:LCII) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,773,194 shares of the company’s stock after selling 11,635 shares during the quarter. Vanguard Group Inc. owned approximately 10.95% of LCI Industries worth $325,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in LCI Industries by 9.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,404,644 shares of the company’s stock valued at $264,198,000 after buying an additional 206,194 shares in the last quarter. FMR LLC raised its holdings in shares of LCI Industries by 35.1% in the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock valued at $144,644,000 after purchasing an additional 320,243 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 230,682 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of LCI Industries by 24.8% in the 4th quarter. Victory Capital Management Inc. now owns 574,771 shares of the company’s stock valued at $53,138,000 after purchasing an additional 114,145 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of LCI Industries by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 488,404 shares of the company’s stock valued at $61,715,000 after purchasing an additional 19,576 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

LCII has been the subject of several recent research reports. Robert W. Baird reduced their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Roth Mkm reduced their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $105.00 to $100.00 in a report on Monday, January 22nd. Finally, Truist Financial restated a “hold” rating and issued a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average price target of $104.20.

LCI Industries Trading Up 3.8 %

NYSE LCII opened at $120.49 on Thursday. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The firm has a market cap of $3.05 billion, a PE ratio of 47.62 and a beta of 1.40. The company has a 50 day moving average price of $117.02 and a 200 day moving average price of $116.68. LCI Industries has a 52 week low of $101.85 and a 52 week high of $137.07.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). The firm had revenue of $837.54 million for the quarter, compared to the consensus estimate of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.68) EPS. As a group, sell-side analysts forecast that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio is presently 166.01%.

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.