LCI Industries (NYSE:LCII) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. trimmed its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308,855 shares of the company's stock after selling 26,808 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.21% of LCI Industries worth $31,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LCII. Charles Schwab Investment Management Inc. increased its position in shares of LCI Industries by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock valued at $45,122,000 after buying an additional 25,145 shares during the period. Principal Financial Group Inc. increased its holdings in shares of LCI Industries by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after purchasing an additional 11,286 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of LCI Industries during the 4th quarter valued at about $266,000. Smartleaf Asset Management LLC raised its stake in LCI Industries by 205.8% during 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. Finally, Congress Asset Management Co. grew its stake in shares of LCI Industries by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock valued at $5,952,000 after purchasing an additional 5,303 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on LCII. Robert W. Baird restated a "neutral" rating and issued a $100.00 price objective (down from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Truist Financial decreased their price objective on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a research note 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 price target on the stock in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $111.60.

LCI Industries Stock Down 2.5 %

LCI Industries stock traded down $2.00 during trading hours on Wednesday, reaching $76.95. The stock had a trading volume of 495,377 shares, compared to its average volume of 290,502. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 13.74 and a beta of 1.36. The business's 50 day moving average price is $87.68 and its 200-day moving average price is $102.90. 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 current ratio of 2.82 and a quick ratio of 1.03.

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

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.98%. LCI Industries's dividend payout ratio 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.