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

Rice Hall James & Associates LLC reduced its position in LCI Industries (NYSE:LCII) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,686 shares of the company’s stock after selling 234 shares during the quarter. Rice Hall James & Associates LLC’s holdings in LCI Industries were worth $8,716,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of LCI Industries during the fourth quarter worth about $26,402,000. Royce & Associates LP grew its position in shares of LCI Industries by 46.1% during the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after buying an additional 172,586 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after buying an additional 87,764 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after buying an additional 56,794 shares in the last quarter. Finally, Stadium Capital Management LLC grew its position in shares of LCI Industries by 250.2% during the fourth quarter. Stadium Capital Management LLC now owns 70,069 shares of the company’s stock worth $7,244,000 after buying an additional 50,058 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Price Performance

LCII stock opened at $100.25 on Monday. The business has a 50 day moving average price of $90.50 and a 200 day moving average price of $93.28. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 16.43 and a beta of 1.26. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The company has a quick ratio of 1.41, a current ratio of 2.96 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.64. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $972.04 million. During the same quarter in the previous year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries announced that its Board of Directors has authorized a share buyback plan on Thursday, May 15th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries’s dividend payout ratio is currently 75.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Robert W. Baird decreased their target price on LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Truist Financial boosted their target price on LCI Industries from $80.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, LCI Industries currently has an average rating of “Hold” and a consensus price target of $114.50.

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.