LRI Investments LLC Purchases 311 Shares of LCI Industries (NYSE:LCII)

LRI Investments LLC raised its position in LCI Industries (NYSE:LCII) by 345.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 401 shares of the company’s stock after acquiring an additional 311 shares during the period. LRI Investments LLC’s holdings in LCI Industries were worth $41,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in shares of LCI Industries by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company’s stock worth $268,000 after purchasing an additional 130 shares during the last quarter. Keybank National Association OH increased its position in shares of LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock worth $315,000 after purchasing an additional 202 shares during the last quarter. Inspire Advisors LLC increased its position in shares of LCI Industries by 3.6% during the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after purchasing an additional 206 shares during the last quarter. Blue Trust Inc. increased its position in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of LCI Industries by 11.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company’s stock worth $234,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LCII. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird decreased their target price on LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Truist Financial decreased their target price on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. 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 report on Wednesday, February 12th. Finally, Baird R W lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.50.

LCI Industries Stock Performance

Shares of NYSE LCII opened at $90.54 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock’s fifty day moving average price is $83.97 and its two-hundred day moving average price is $100.56. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 16.17 and a beta of 1.26.

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

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio is 75.41%.

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.