LCI Industries (NYSE:LCII) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in LCI Industries (NYSE:LCII) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,595 shares of the company’s stock after selling 1,624 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.40% of LCI Industries worth $12,126,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LCII. Mercer Global Advisors Inc. ADV increased its stake in LCI Industries by 4.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock worth $232,000 after buying an additional 90 shares in the last quarter. nVerses Capital LLC lifted its position in LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after buying an additional 100 shares during the last quarter. HM Payson & Co. boosted its stake in LCI Industries by 6.4% during the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after buying an additional 105 shares during the period. Hsbc Holdings PLC increased its position in shares of LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after acquiring an additional 105 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of LCI Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of NYSE LCII opened at $111.28 on Friday. The stock’s 50-day simple moving average is $117.52 and its 200-day simple moving average is $111.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. The firm has a market capitalization of $2.83 billion, a PE ratio of 23.33 and a beta of 1.41. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that LCI Industries will post 5.97 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $1.05 per share. The ex-dividend date was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.77%. LCI Industries’s dividend payout ratio (DPR) is 88.05%.

Wall Street Analysts Forecast Growth

LCII has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. Raymond James began coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Truist Financial lifted their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, LCI Industries has an average rating of “Hold” and an average target price of $112.20.

About LCI Industries

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.