255,361 Shares in LCI Industries (NYSE:LCII) Acquired by Norges Bank

Norges Bank purchased a new stake in LCI Industries (NYSE:LCII) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 255,361 shares of the company’s stock, valued at approximately $26,402,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centiva Capital LP acquired a new stake in LCI Industries in the third quarter valued at $628,000. Stifel Financial Corp grew its position in shares of LCI Industries by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock valued at $9,952,000 after buying an additional 242 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of LCI Industries in the third quarter valued at about $770,000. MML Investors Services LLC bought a new position in shares of LCI Industries during the third quarter worth about $260,000. Finally, Geode Capital Management LLC raised its position in shares of LCI Industries by 0.3% during the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after acquiring an additional 1,688 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Up 1.0 %

LCII opened at $81.78 on Monday. The company has a fifty day moving average price of $98.29 and a two-hundred day moving average price of $108.15. LCI Industries has a 1-year low of $75.72 and a 1-year high of $129.38. The company has a market cap of $2.06 billion, a P/E ratio of 14.60 and a beta of 1.36. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 yield of 5.62%. LCI Industries’s dividend payout ratio (DPR) is currently 82.14%.

Analysts Set New Price Targets

LCII has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and set a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a research note on Friday. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.20.

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.