Royce & Associates LP Buys 68,682 Shares of LCI Industries (NYSE:LCII)

Royce & Associates LP increased its stake in LCI Industries (NYSE:LCII) by 22.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,037 shares of the company’s stock after buying an additional 68,682 shares during the period. Royce & Associates LP owned 1.47% of LCI Industries worth $45,086,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of LCI Industries by 5.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,508 shares of the company’s stock valued at $309,000 after purchasing an additional 136 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of LCI Industries by 210.8% during the first quarter. Quantbot Technologies LP now owns 2,567 shares of the company’s stock valued at $316,000 after purchasing an additional 1,741 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of LCI Industries during the first quarter valued at approximately $184,000. Sei Investments Co. increased its stake in shares of LCI Industries by 25.6% during the first quarter. Sei Investments Co. now owns 32,868 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,703 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of LCI Industries by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,997 shares of the company’s stock valued at $615,000 after purchasing an additional 344 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Down 0.7 %

NYSE:LCII opened at $114.16 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The company has a market cap of $2.91 billion, a PE ratio of 22.21 and a beta of 1.41. The company has a 50 day simple moving average of $116.88 and a two-hundred day simple moving average of $111.69.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same quarter in the previous year, the firm posted $1.02 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. Research analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.03%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is 81.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James started coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and an average price target of $112.20.

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.