T. Rowe Price Investment Management Inc. lessened its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in LCII. Strategic Financial Concepts LLC purchased a new stake in LCI Industries during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC raised its position in 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 acquired a new stake in shares of LCI Industries in the third quarter valued at about $49,000. Headlands Technologies LLC purchased a new stake in shares of LCI Industries in the fourth quarter valued at about $59,000. Finally, Blue Trust Inc. lifted its stake in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock worth $64,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on LCII shares. Robert W. Baird reissued a "neutral" rating and issued a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Truist Financial reduced 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. 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. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Finally, Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $111.60.
Check Out Our Latest Research Report on LCI Industries
LCI Industries Stock Performance
LCII stock traded up $1.66 during midday trading on Friday, reaching $79.76. 124,119 shares of the company were exchanged, compared to its average volume of 291,330. The business has a 50-day moving average price of $86.55 and a two-hundred day moving average price of $102.44. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.28 and a beta of 1.36. LCI Industries has a one year low of $72.31 and a one year 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 quarterly earnings data 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%. Equities research analysts forecast that LCI Industries will post 6.76 EPS for the current year.
LCI Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.
LCI Industries Profile
(
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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