First Trust Advisors LP Sells 41,280 Shares of LCI Industries (NYSE:LCII)

First Trust Advisors LP lowered its position in shares of LCI Industries (NYSE:LCII - Free Report) by 72.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,973 shares of the company's stock after selling 41,280 shares during the period. First Trust Advisors LP owned about 0.06% of LCI Industries worth $1,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LCII. Summit Investment Advisors Inc. raised its position in shares of LCI Industries by 5.3% in 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 in the last quarter. Keybank National Association OH lifted its stake in shares of LCI Industries by 7.1% in the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company's stock valued at $315,000 after purchasing an additional 202 shares during the period. Inspire Advisors LLC lifted its stake in shares of LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock valued at $611,000 after purchasing an additional 206 shares during the period. Tidal Investments LLC lifted its stake in shares of LCI Industries by 2.4% in the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock valued at $1,133,000 after purchasing an additional 223 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of LCI Industries by 60.2% in 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. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Up 5.1%

LCII stock traded up $4.34 during trading on Monday, reaching $89.84. 30,379 shares of the stock were exchanged, compared to its average volume of 300,027. The firm's 50 day moving average is $84.13 and its 200 day moving average is $100.72. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. 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 firm has a market cap of $2.27 billion, a P/E ratio of 16.11 and a beta of 1.26.

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 analysts' consensus estimates of $1.55 by $0.64. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. As a group, research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's dividend payout ratio is currently 75.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LCII shares. StockNews.com downgraded LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Robert W. Baird dropped their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on 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 report on Friday, April 4th. Finally, 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 research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.60.

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.