Stifel Financial Corp Has $7.68 Million Stock Position in LCI Industries (NYSE:LCII)

Stifel Financial Corp lowered its position in shares of LCI Industries (NYSE:LCII - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,292 shares of the company's stock after selling 8,271 shares during the quarter. Stifel Financial Corp owned 0.29% of LCI Industries worth $7,681,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LCII. Smartleaf Asset Management LLC lifted its stake in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after buying an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries in the 3rd quarter worth $49,000. Headlands Technologies LLC bought a new position in LCI Industries during the 4th quarter worth about $59,000. Blue Trust Inc. increased its holdings 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 purchasing an additional 234 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of LCI Industries by 159.3% in the 4th quarter. Covestor Ltd now owns 765 shares of the company's stock valued at $79,000 after purchasing an additional 470 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LCII. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a report on Wednesday, February 12th. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Truist Financial reduced their target price on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird reiterated a "neutral" rating and issued a $100.00 price target (down from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $111.60.

LCI Industries Stock Performance

Shares of LCI Industries stock traded up $1.71 during trading on Friday, hitting $79.81. 440,880 shares of the stock were exchanged, compared to its average volume of 293,451. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.25 and a beta of 1.36. The company has a fifty day moving average price of $86.02 and a 200-day moving average price of $101.87. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.76%. LCI Industries's dividend payout ratio is currently 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.