Cerity Partners LLC Increases Stake in LCI Industries (NYSE:LCII)

Cerity Partners LLC raised its stake in LCI Industries (NYSE:LCII - Free Report) by 178.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,394 shares of the company's stock after acquiring an additional 4,734 shares during the quarter. Cerity Partners LLC's holdings in LCI Industries were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LCII. Summit Investment Advisors Inc. increased its holdings in 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 acquiring an additional 130 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in 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 acquiring an additional 238 shares during the period. LRI Investments LLC increased its holdings in LCI Industries by 345.6% during the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares during the period. Wesbanco Bank Inc. increased its holdings in LCI Industries by 12.2% during the 1st quarter. Wesbanco Bank Inc. now owns 3,043 shares of the company's stock worth $266,000 after acquiring an additional 330 shares during the period. Finally, Tidal Investments LLC increased its holdings in LCI Industries by 4.8% during the 4th quarter. Tidal Investments LLC now owns 9,853 shares of the company's stock worth $1,019,000 after acquiring an additional 451 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Trading Up 1.3%

LCI Industries stock traded up $1.23 during trading hours on Friday, reaching $99.16. The stock had a trading volume of 213,511 shares, compared to its average volume of 333,978. The stock has a market cap of $2.50 billion, a PE ratio of 16.26 and a beta of 1.26. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.96 and a quick ratio of 1.41. The company has a fifty day simple moving average of $92.69 and a 200-day simple moving average of $93.12.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. During the same quarter last year, the firm earned $1.44 EPS. The company's revenue was up 8.0% on a year-over-year basis. Analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 15th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's payout ratio is currently 75.41%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LCII shares. Robert W. Baird decreased their price target on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen raised shares of LCI Industries from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Finally, Truist Financial increased their target price on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, LCI Industries currently has an average rating of "Hold" and an average price target of $114.50.

LCI Industries 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.