Vident Advisory LLC Decreases Stock Holdings in LCI Industries (NYSE:LCII)

Vident Advisory LLC lessened its stake in LCI Industries (NYSE:LCII - Free Report) by 64.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,110 shares of the company's stock after selling 12,639 shares during the period. Vident Advisory LLC's holdings in LCI Industries were worth $735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Summit Investment Advisors Inc. grew its holdings in shares of LCI Industries by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock worth $268,000 after acquiring an additional 130 shares during the period. Keybank National Association OH lifted its holdings 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 during the period. Inspire Advisors LLC raised its holdings in LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock worth $611,000 after purchasing an additional 206 shares during the period. Blue Trust Inc. raised its holdings in LCI Industries by 60.2% during 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. Finally, O Shaughnessy Asset Management LLC grew its position in shares of LCI Industries by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company's stock valued at $234,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

NYSE LCII traded up $0.56 during trading on Friday, reaching $87.81. The company's stock had a trading volume of 38,037 shares, compared to its average volume of 307,539. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 15.68 and a beta of 1.26. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The business's fifty day moving average price is $83.47 and its 200-day moving average price is $98.46.

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

LCI Industries declared that its Board of Directors has initiated a share repurchase program on Thursday, May 15th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock buyback programs are usually an indication 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 given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Friday, May 30th. LCI Industries's payout ratio is currently 75.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LCII. Wall Street Zen lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Truist Financial dropped their price objective on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Robert W. Baird decreased their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target for the company in a research report on Wednesday, February 12th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $112.50.

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.