LCI Industries (NYSE:LCII) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its holdings in LCI Industries (NYSE:LCII - Free Report) by 93.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,660 shares of the company's stock after selling 40,245 shares during the quarter. Cerity Partners LLC's holdings in LCI Industries were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC boosted its position in shares of LCI Industries by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company's stock worth $611,000 after buying an additional 143 shares during the period. Keybank National Association OH boosted its position in shares of LCI Industries by 7.1% in the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company's stock worth $315,000 after buying an additional 202 shares during the period. Inspire Advisors LLC boosted its holdings in LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock valued at $611,000 after purchasing an additional 206 shares during the last quarter. Tidal Investments LLC boosted its holdings in LCI Industries by 2.4% in the third quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock valued at $1,133,000 after purchasing an additional 223 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after purchasing an additional 234 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LCII shares. Robert W. Baird reissued a "neutral" rating and issued a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Truist Financial cut their price objective 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. Finally, Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.60.

LCI Industries Stock Performance

Shares of LCI Industries stock traded down $0.63 on Tuesday, reaching $77.44. 22,242 shares of the company were exchanged, compared to its average volume of 288,119. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company's 50-day moving average is $88.23 and its two-hundred day moving average is $103.07. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 13.83 and a beta of 1.36. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.94%. The ex-dividend date was Friday, March 7th. LCI Industries's payout ratio is currently 82.14%.

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.