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

Vident Advisory LLC lessened its holdings in LCI Industries (NYSE:LCII - Free Report) by 64.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of LCI Industries by 10.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,142 shares of the company's stock worth $1,669,000 after acquiring an additional 1,561 shares during the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 234 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in LCI Industries by 1.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 165,716 shares of the company's stock worth $17,133,000 after buying an additional 2,710 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries during the 4th quarter valued at about $28,000. Finally, Apollon Wealth Management LLC grew its stake in shares of LCI Industries by 15.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,432 shares of the company's stock valued at $355,000 after acquiring an additional 461 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LCII. Robert W. Baird lowered their price target on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial lowered their target price on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research note 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 on the stock in a report on Wednesday, February 12th. Finally, Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $112.50.

LCI Industries Price Performance

Shares of NYSE:LCII traded down $0.06 during midday trading on Thursday, reaching $88.43. 82,552 shares of the company were exchanged, compared to its average volume of 422,461. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The business's fifty day moving average is $83.51 and its two-hundred day moving average is $98.65. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The stock has a market cap of $2.23 billion, a PE ratio of 15.79 and a beta of 1.26.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.55 by $0.64. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations 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 company earned $1.44 EPS. As a group, analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.20%. The ex-dividend date is Friday, May 30th. LCI Industries's dividend payout ratio is presently 75.41%.

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

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.