UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in LCI Industries (NYSE:LCII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in LCI Industries (NYSE:LCII - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,145 shares of the company's stock after acquiring an additional 10,498 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of LCI Industries worth $7,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its stake in shares of LCI Industries by 205.8% during the fourth 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. LRI Investments LLC lifted its stake in LCI Industries by 345.6% in the fourth 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. Headlands Technologies LLC purchased a new stake in LCI Industries in the fourth quarter worth about $59,000. Finally, Blue Trust Inc. increased its position in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after purchasing an additional 234 shares during the period. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Performance

LCII traded down $0.85 during trading on Thursday, reaching $87.62. 33,587 shares of the company's stock were exchanged, compared to its average volume of 309,159. The company's fifty day simple moving average is $83.24 and its 200-day simple moving average is $97.70. The stock has a market capitalization of $2.21 billion, a P/E ratio of 15.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.

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

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, May 30th. LCI Industries's dividend payout ratio is currently 75.41%.

LCI Industries declared that its Board of Directors has authorized a stock buyback program on Thursday, May 15th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

LCII has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Truist Financial lifted their price target on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. Finally, Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.