First Citizens Bank & Trust Co. Takes $265,000 Position in LCI Industries $LCII

First Citizens Bank & Trust Co. bought a new position in LCI Industries (NYSE:LCII) during the second quarter, Holdings Channel reports. The fund bought 2,903 shares of the company’s stock, valued at approximately $265,000.

Other hedge funds have also modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of LCI Industries in the 1st quarter worth $28,000. Signaturefd LLC grew its holdings in shares of LCI Industries by 591.5% in the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after acquiring an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after acquiring an additional 439 shares during the last quarter. State of Wyoming acquired a new position in shares of LCI Industries in the 1st quarter worth $46,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of LCI Industries by 45.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after acquiring an additional 167 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research report on Saturday. Wall Street Zen raised LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Truist Financial boosted their price objective on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.00.

LCI Industries Trading Up 1.1%

LCII stock opened at $92.03 on Monday. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The firm has a market cap of $2.23 billion, a P/E ratio of 15.36 and a beta of 1.31. The business’s 50 day moving average is $97.18 and its 200-day moving average is $92.63. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The company had revenue of $1 billion for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Equities analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $1.15 per share. The ex-dividend date was Friday, August 29th. This represents a $4.60 dividend on an annualized basis and a yield of 5.0%. LCI Industries’s dividend payout ratio is 76.79%.

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.