International Assets Investment Management LLC Buys New Stake in LCI Industries (NYSE:LCII)

International Assets Investment Management LLC acquired a new stake in LCI Industries (NYSE:LCII - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,256 shares of the company's stock, valued at approximately $2,924,000. International Assets Investment Management LLC owned about 0.09% of LCI Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LCII. O Shaughnessy Asset Management LLC raised its stake in shares of LCI Industries by 3.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,469 shares of the company's stock valued at $290,000 after buying an additional 93 shares during the period. Raymond James Trust N.A. raised its stake in shares of LCI Industries by 2.8% in the first quarter. Raymond James Trust N.A. now owns 3,427 shares of the company's stock valued at $355,000 after buying an additional 94 shares during the period. Arizona State Retirement System raised its stake in shares of LCI Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 7,203 shares of the company's stock valued at $846,000 after buying an additional 97 shares during the period. Advisor OS LLC raised its stake in shares of LCI Industries by 5.1% in the third quarter. Advisor OS LLC now owns 2,167 shares of the company's stock valued at $255,000 after buying an additional 105 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in shares of LCI Industries by 5.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 2,380 shares of the company's stock valued at $301,000 after purchasing an additional 113 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Up 2.2 %

Shares of LCI Industries stock traded up $2.30 during trading on Friday, reaching $106.49. The company's stock had a trading volume of 196,905 shares, compared to its average volume of 233,522. LCI Industries has a 52-week low of $102.39 and a 52-week high of $137.07. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 42.09 and a beta of 1.40. The firm's 50-day moving average is $116.94 and its two-hundred day moving average is $116.16. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.24). LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The firm had revenue of $837.54 million for the quarter, compared to the consensus estimate of $835.99 million. During the same quarter in the prior year, the company earned ($0.68) earnings per share. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a yield of 3.94%. LCI Industries's dividend payout ratio is currently 166.01%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LCII shares. Truist Financial reiterated a "hold" rating and issued a $110.00 price target (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. BMO Capital Markets lowered shares of LCI Industries from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Robert W. Baird reduced their price objective on shares of LCI Industries from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. Finally, Roth Mkm reduced their price objective on shares of LCI Industries from $113.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, LCI Industries has an average rating of "Hold" and a consensus price target of $104.20.

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.