Northern Trust Corp Boosts Stock Holdings in LCI Industries (NYSE:LCII)

Northern Trust Corp lifted its stake in LCI Industries (NYSE:LCII) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 319,742 shares of the company’s stock after buying an additional 36,505 shares during the period. Northern Trust Corp owned approximately 1.26% of LCI Industries worth $33,058,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries in the third quarter worth $49,000. Headlands Technologies LLC bought a new stake in LCI Industries during the 4th quarter valued at $59,000. Blue Trust Inc. grew its holdings in LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of LCI Industries by 159.3% in the fourth quarter. Covestor Ltd now owns 765 shares of the company’s stock valued at $79,000 after acquiring an additional 470 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $85.50 on Friday. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The firm has a market capitalization of $2.16 billion, a P/E ratio of 15.27 and a beta of 1.26. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $84.13 and a two-hundred day simple moving average of $100.80.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.64. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. LCI Industries’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. On average, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.38%. LCI Industries’s payout ratio is currently 75.41%.

Wall Street Analysts Forecast Growth

LCII has been the topic of several recent analyst reports. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Truist Financial reduced their target price on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Baird R W cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, LCI Industries currently has an average rating of “Hold” and an average target price of $110.60.

LCI Industries Company 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.