Hsbc Holdings PLC increased its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 234.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,758 shares of the company's stock after buying 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 quarter.
Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock valued at $301,203,000 after purchasing an additional 56,794 shares during the period. Dimensional Fund Advisors LP lifted its stake in LCI Industries by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock valued at $127,904,000 after buying an additional 87,764 shares during the period. Principal Financial Group Inc. boosted its holdings in LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after buying an additional 11,286 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of LCI Industries by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after buying an additional 15,057 shares during the period. Finally, Royce & Associates LP increased its stake in shares of LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after acquiring an additional 172,586 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
LCII has been the subject of several recent analyst reports. CJS Securities raised 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 research note on Wednesday, February 12th. StockNews.com downgraded LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a research report on Friday, April 4th. Finally, Truist Financial decreased their price objective on LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Six investment 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 presently has a consensus rating of "Hold" and a consensus target price of $111.60.
View Our Latest Research Report on LCI Industries
LCI Industries Stock Down 1.5 %
LCII stock traded down $1.19 during midday trading on Monday, hitting $78.63. The company's stock had a trading volume of 854,132 shares, compared to its average volume of 295,694. The company's fifty day moving average price is $86.02 and its 200 day moving average price is $101.87. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market capitalization of $1.98 billion, a P/E ratio of 14.04 and a beta of 1.26.
LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, equities research analysts predict that LCI Industries will post 6.76 EPS for the current year.
LCI Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.85%. LCI Industries's dividend payout ratio is presently 82.14%.
About LCI Industries
(
Free Report)
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.
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