Invesco Ltd. Cuts Stock Holdings in LCI Industries (NYSE:LCII)

Invesco Ltd. lessened its holdings in LCI Industries (NYSE:LCII - Free Report) by 67.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,616 shares of the company's stock after selling 225,517 shares during the period. Invesco Ltd. owned approximately 0.43% of LCI Industries worth $11,230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after purchasing an additional 247 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of LCI Industries in the 3rd quarter worth approximately $49,000. Headlands Technologies LLC bought a new stake in shares of LCI Industries in the 4th quarter worth approximately $59,000. Blue Trust Inc. raised its holdings in shares of LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock worth $64,000 after purchasing an additional 234 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of LCI Industries in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LCII. Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reissued a "neutral" rating and set a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. 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 report on Monday, April 14th. Finally, StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, LCI Industries currently has a consensus rating of "Hold" and a consensus price target of $111.60.

LCI Industries Price Performance

Shares of LCI Industries stock traded down $0.76 during trading on Monday, hitting $77.92. The stock had a trading volume of 316,499 shares, compared to its average volume of 289,166. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 13.91 and a beta of 1.36. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The business's 50-day moving average is $88.23 and its 200 day moving average is $103.07. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.90%. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.

About LCI Industries

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.