Congress Asset Management Co. Has $4.95 Million Stock Holdings in LCI Industries $LCII

Key Points

• Congress Asset Management Co. decreased its stake in LCI Industries by 5.3%, owning 54,282 shares valued at $4.95 million as of the latest SEC filing.
• LCI Industries announced a quarterly dividend of $1.15 per share, indicating an annualized yield of 4.8%.
• Analysts have mixed ratings on LCI Industries, with a consensus rating of "Hold" and a price target of $103.25.

Congress Asset Management Co. decreased its stake in LCI Industries (NYSE:LCII - Free Report) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,282 shares of the company's stock after selling 3,022 shares during the quarter. Congress Asset Management Co. owned 0.22% of LCI Industries worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new position in LCI Industries in the first quarter valued at about $410,000. Teacher Retirement System of Texas lifted its stake in LCI Industries by 136.5% in the first quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company's stock valued at $831,000 after buying an additional 5,484 shares during the period. Russell Investments Group Ltd. lifted its stake in LCI Industries by 93,707.4% in the first quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company's stock valued at $2,214,000 after buying an additional 25,301 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in LCI Industries by 17.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company's stock valued at $7,149,000 after buying an additional 10,498 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in LCI Industries by 16.0% in the first quarter. Allianz Asset Management GmbH now owns 20,347 shares of the company's stock valued at $1,779,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets increased their target price on LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research note on Wednesday, August 6th. Truist Financial increased their price target on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One investment 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's stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of "Hold" and a consensus price target of $103.25.

LCI Industries Stock Up 0.4%

NYSE:LCII opened at $94.94 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. The company has a market cap of $2.30 billion, a PE ratio of 15.85 and a beta of 1.34. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The stock has a 50-day simple moving average of $100.64 and a 200 day simple moving average of $92.08.

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

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, August 29th. LCI Industries's dividend payout ratio (DPR) is currently 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.

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