LPL Financial LLC Buys 4,548 Shares of LCI Industries (NYSE:LCII)

LPL Financial LLC increased its holdings in LCI Industries (NYSE:LCII - Free Report) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,178 shares of the company's stock after acquiring an additional 4,548 shares during the quarter. LPL Financial LLC owned about 0.10% of LCI Industries worth $2,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LCII. SkyView Investment Advisors LLC boosted its position in LCI Industries by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company's stock valued at $611,000 after acquiring an additional 143 shares in the last quarter. Keybank National Association OH grew its stake in LCI Industries by 7.1% in the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company's stock worth $315,000 after purchasing an additional 202 shares during the period. Inspire Advisors LLC raised its holdings in LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock worth $611,000 after purchasing an additional 206 shares in the last quarter. Tidal Investments LLC lifted its position in LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock valued at $1,133,000 after buying an additional 223 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of LCI Industries by 60.2% during 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 in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Stock Performance

LCII traded up $0.50 during mid-day trading on Thursday, reaching $76.03. 88,701 shares of the company traded hands, compared to its average volume of 404,472. The stock has a market capitalization of $1.92 billion, a P/E ratio of 13.58 and a beta of 1.36. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company's fifty day moving average price is $93.08 and its 200-day moving average price is $105.48.

LCI Industries (NYSE:LCII - Get Free Report) last announced 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 return on equity of 10.28% and a net margin of 3.82%. On average, sell-side analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 6.05%. LCI Industries's payout ratio is 82.14%.

Wall Street Analysts Forecast Growth

LCII has been the topic of several research reports. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Robert W. Baird restated a "neutral" rating and issued a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Truist Financial dropped their target price on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a report on Monday. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Finally, Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note 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 stock. According to data from MarketBeat.com, LCI Industries presently has an average rating of "Hold" and an average price target of $111.60.

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.