Private Client Services LLC Takes Position in LCI Industries (NYSE:LCII)

Private Client Services LLC bought a new position in shares of LCI Industries (NYSE:LCII) during the fourth quarter, HoldingsChannel reports. The firm bought 8,420 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after acquiring an additional 97,877 shares in the last quarter. Royce & Associates LP boosted its holdings in LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after purchasing an additional 68,682 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after purchasing an additional 62,354 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after buying an additional 34,110 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Price Performance

Shares of NYSE LCII traded down $0.25 during trading on Wednesday, reaching $102.06. The company had a trading volume of 49,414 shares, compared to its average volume of 175,865. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38. The business’s 50 day moving average price is $113.02 and its 200-day moving average price is $113.25. The stock has a market cap of $2.60 billion, a PE ratio of 19.86 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

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

LCI Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 4.51%. LCI Industries’s dividend payout ratio is presently 89.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LCII. Raymond James initiated coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Truist Financial lowered their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.00.

Insider Activity

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

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.