Frontier Capital Management Co. LLC Increases Holdings in LCI Industries (NYSE:LCII)

Frontier Capital Management Co. LLC lifted its position in shares of LCI Industries (NYSE:LCII - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,028 shares of the company's stock after purchasing an additional 15,408 shares during the quarter. Frontier Capital Management Co. LLC owned 1.15% of LCI Industries worth $30,193,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake 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 valued at $37,000 after buying an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries during the 3rd quarter valued at about $49,000. Headlands Technologies LLC acquired a new position in LCI Industries during the 4th quarter valued at about $59,000. Blue Trust Inc. boosted its stake 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 last quarter. Finally, Covestor Ltd boosted its stake in LCI Industries by 159.3% during the 4th quarter. Covestor Ltd now owns 765 shares of the company's stock valued at $79,000 after purchasing an additional 470 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Truist Financial lowered their target price on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird lowered their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $110.60.

LCI Industries Stock Performance

LCII traded up $4.26 during trading on Monday, hitting $89.76. 531,628 shares of the company traded hands, compared to its average volume of 301,973. The firm has a market cap of $2.27 billion, a P/E ratio of 16.03 and a beta of 1.26. The stock's fifty day moving average is $84.13 and its 200 day moving average is $100.72. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a one year low of $72.31 and a one year high of $129.38.

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

LCI Industries Dividend Announcement

The firm 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 annualized dividend and a yield of 5.13%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

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.