Victory Capital Management Inc. Increases Position in LCI Industries (NYSE:LCII)

Victory Capital Management Inc. raised its position in LCI Industries (NYSE:LCII - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 586,424 shares of the company's stock after purchasing an additional 15,212 shares during the quarter. Victory Capital Management Inc. owned 2.32% of LCI Industries worth $73,719,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LCII. O Shaughnessy Asset Management LLC grew its holdings 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 worth $290,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System grew its holdings in LCI Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,203 shares of the company's stock worth $846,000 after acquiring an additional 97 shares in the last quarter. Advisor OS LLC increased its position in LCI Industries by 5.1% during the 3rd quarter. Advisor OS LLC now owns 2,167 shares of the company's stock valued at $255,000 after purchasing an additional 105 shares during the period. SkyView Investment Advisors LLC increased its position in LCI Industries by 3.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,765 shares of the company's stock valued at $442,000 after purchasing an additional 122 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of LCI Industries by 2.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,256 shares of the company's stock valued at $1,204,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Up 1.6 %

Shares of LCII traded up $1.70 during midday trading on Friday, hitting $106.84. 138,050 shares of the company's stock traded hands, compared to its average volume of 185,190. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 42.23 and a beta of 1.41. LCI Industries has a 1 year low of $102.39 and a 1 year high of $137.07. The firm's fifty day moving average is $113.98 and its 200-day moving average is $115.57.

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

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries's dividend payout ratio (DPR) is presently 166.01%.

Analysts Set New Price Targets

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