Hsbc Holdings PLC Buys 9,645 Shares of LCI Industries (NYSE:LCII)

Hsbc Holdings PLC lifted its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 234.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,758 shares of the company's stock after acquiring an additional 9,645 shares during the period. Hsbc Holdings PLC owned 0.05% of LCI Industries worth $1,417,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after acquiring an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries in the third quarter valued at $49,000. Headlands Technologies LLC bought a new position in LCI Industries in the 4th quarter valued at about $59,000. Blue Trust Inc. lifted its holdings in shares of LCI Industries by 60.2% in 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. Finally, Covestor Ltd boosted its holdings in LCI Industries by 159.3% during the fourth quarter. Covestor Ltd now owns 765 shares of the company's stock worth $79,000 after purchasing an additional 470 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Up 1.3 %

Shares of LCII traded up $1.08 during trading hours on Thursday, hitting $84.20. The company had a trading volume of 80,286 shares, compared to its average volume of 298,769. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.04 and a beta of 1.26. The firm has a fifty day moving average price of $84.70 and a 200-day moving average price of $101.31. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

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

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.46%. LCI Industries's payout ratio is 82.14%.

Analysts Set New Price Targets

LCII has been the subject of several research reports. Robert W. Baird reduced their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday. Truist Financial dropped their price objective 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. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note 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 for the company in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $110.60.

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.