KBC Group NV Lowers Position in LCI Industries (NYSE:LCII)

KBC Group NV trimmed its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 99.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,119 shares of the company's stock after selling 200,000 shares during the period. KBC Group NV's holdings in LCI Industries were worth $98,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. boosted its position in LCI Industries by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock worth $268,000 after purchasing an additional 130 shares in the last quarter. Keybank National Association OH lifted its position in shares of LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company's stock valued at $315,000 after buying an additional 202 shares in the last quarter. Inspire Advisors LLC grew its stake in LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock valued at $611,000 after acquiring an additional 206 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in LCI Industries by 11.8% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after acquiring an additional 247 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

LCII traded down $0.93 on Friday, hitting $100.25. 287,433 shares of the company's stock were exchanged, compared to its average volume of 319,865. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The company has a current ratio of 2.96, a quick ratio of 1.41 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $90.09 and a 200-day moving average price of $93.45. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 16.43 and a beta of 1.26.

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

LCI Industries declared that its board has authorized a stock repurchase plan on Thursday, May 15th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's dividend payout ratio is currently 75.41%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LCII. Truist Financial lifted their target price on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Robert W. Baird lowered their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut LCI Industries from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Finally, Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $114.50.

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.