Dimensional Fund Advisors LP Increases Stock Holdings in LCI Industries (NYSE:LCII)

Dimensional Fund Advisors LP boosted its position in shares of LCI Industries (NYSE:LCII - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,237,119 shares of the company's stock after acquiring an additional 87,764 shares during the quarter. Dimensional Fund Advisors LP owned 4.86% of LCI Industries worth $127,904,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in shares of LCI Industries during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC increased its holdings in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after buying an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in LCI Industries during the third quarter valued at approximately $49,000. Headlands Technologies LLC bought a new position in LCI Industries in the fourth quarter worth approximately $59,000. Finally, Blue Trust Inc. boosted its stake 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 acquiring an additional 234 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

LCI Industries Price Performance

LCII traded up $1.83 during trading on Friday, reaching $79.93. 64,760 shares of the company traded hands, compared to its average volume of 419,133. The company has a market cap of $2.02 billion, a P/E ratio of 14.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The firm has a fifty day simple moving average of $86.55 and a 200 day simple moving average of $102.44.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, equities analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's payout ratio is presently 82.14%.

Analysts Set New Price Targets

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

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.