JARISLOWSKY FRASER Ltd Sells 46,754 Shares of LCI Industries (NYSE:LCII)

JARISLOWSKY FRASER Ltd trimmed its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 16.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,455 shares of the company's stock after selling 46,754 shares during the period. JARISLOWSKY FRASER Ltd owned 0.94% of LCI Industries worth $23,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LCII. Strategic Financial Concepts LLC bought a new position in LCI Industries in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC boosted its position in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after buying an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in LCI Industries in the 3rd quarter valued at $49,000. Headlands Technologies LLC bought a new position in LCI Industries in the 4th quarter valued at $59,000. Finally, Blue Trust Inc. boosted its position in 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 buying an additional 234 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Trading Down 1.0%

LCI Industries stock traded down $0.91 during mid-day trading on Wednesday, hitting $90.09. 19,879 shares of the company's stock were exchanged, compared to its average volume of 301,784. The firm has a market capitalization of $2.27 billion, a P/E ratio of 16.08 and a beta of 1.26. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company's 50 day simple moving average is $83.97 and its 200-day simple moving average is $100.56.

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

LCI Industries Dividend Announcement

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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Friday, March 7th. LCI Industries's dividend payout ratio is currently 75.41%.

Analyst Ratings Changes

LCII has been the topic of a number of recent research reports. StockNews.com upgraded LCI Industries from a "hold" rating to a "buy" rating in a research report on Monday. Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a research report on Wednesday, February 12th. Finally, Truist Financial reduced their price target on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.