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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,145 shares of the company's stock after purchasing an additional 10,498 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of LCI Industries by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock valued at $45,122,000 after acquiring an additional 25,145 shares during the period. Principal Financial Group Inc. grew its stake in LCI Industries by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after acquiring an additional 11,286 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries during the 4th quarter worth about $266,000. Smartleaf Asset Management LLC boosted its position in shares of LCI Industries by 205.8% in 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 last quarter. Finally, Congress Asset Management Co. raised its holdings in LCI Industries by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock valued at $5,952,000 after buying an additional 5,303 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on LCII. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a report on Wednesday, February 12th. Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Wall Street Zen cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Robert W. Baird cut 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. Finally, Truist Financial upped their target price on LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, LCI Industries has a consensus rating of "Hold" and an average price target of $114.50.

LCI Industries Price Performance

LCII stock traded down $0.20 during midday trading on Thursday, reaching $88.28. 280,447 shares of the stock were exchanged, compared to its average volume of 310,771. The stock has a market capitalization of $2.23 billion, a PE ratio of 15.76 and a beta of 1.27. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The company has a fifty day moving average price of $83.26 and a 200 day moving average price of $97.52.

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

LCI Industries declared that its Board of Directors has authorized a share repurchase program on Thursday, May 15th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Friday, May 30th. 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.