Deutsche Bank AG Increases Stock Holdings in LCI Industries (NYSE:LCII)

Deutsche Bank AG boosted its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 48.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,301 shares of the company's stock after purchasing an additional 7,270 shares during the period. Deutsche Bank AG owned about 0.09% of LCI Industries worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of LCI Industries by 205.8% in the 4th 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 period. Headlands Technologies LLC acquired a new position in LCI Industries in the fourth quarter valued at approximately $59,000. Blue Trust Inc. lifted its holdings in LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after acquiring an additional 234 shares during the period. Covestor Ltd boosted its position in LCI Industries by 159.3% in the 4th quarter. Covestor Ltd now owns 765 shares of the company's stock worth $79,000 after purchasing an additional 470 shares in the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of LCI Industries during the 4th quarter worth approximately $201,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LCII has been the subject of several analyst reports. Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial decreased their price objective on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a research report on Monday, April 14th. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Wall Street Zen cut LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $112.50.

LCI Industries Price Performance

LCII traded down $0.55 during midday trading on Wednesday, hitting $89.13. 11,518 shares of the company traded hands, compared to its average volume of 423,930. The business has a 50 day simple moving average of $83.50 and a two-hundred day simple moving average of $98.72. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 15.92 and a beta of 1.26. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. During the same period last year, the company posted $1.44 EPS. LCI Industries's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries declared that its board has authorized a share repurchase program on Thursday, May 15th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 5.16%. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

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.