Charles Schwab Investment Management Inc. Has $39.27 Million Holdings in LCI Industries $LCII

Charles Schwab Investment Management Inc. lifted its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,158 shares of the company's stock after purchasing an additional 12,735 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.78% of LCI Industries worth $39,270,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LRI Investments LLC lifted its position in shares of LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after purchasing an additional 311 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of LCI Industries by 535.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after purchasing an additional 439 shares in the last quarter. Vestcor Inc acquired a new position in shares of LCI Industries during the first quarter worth approximately $158,000. Lido Advisors LLC acquired a new position in shares of LCI Industries during the fourth quarter worth approximately $201,000. Finally, Crestline Management LP acquired a new position in shares of LCI Industries during the fourth quarter worth approximately $257,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Down 1.1%

LCII opened at $103.40 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 17.26 and a beta of 1.25. The firm has a 50 day simple moving average of $95.72 and a 200 day simple moving average of $92.23. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.22 by $0.17. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $2.40 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries announced that its Board of Directors has approved a stock buyback plan on Thursday, May 15th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LCII. BMO Capital Markets upped their target price on shares of LCI Industries from $80.00 to $85.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 6th. Truist Financial boosted their price target on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird dropped their price target on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, LCI Industries presently has an average rating of "Hold" and a consensus target price of $103.25.

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.

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