Inspire Advisors LLC Decreases Stock Holdings in LCI Industries (NYSE:LCII)

Inspire Advisors LLC lessened its holdings in LCI Industries (NYSE:LCII) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,701 shares of the company’s stock after selling 254 shares during the period. Inspire Advisors LLC’s holdings in LCI Industries were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LCII. Vanguard Group Inc. boosted its holdings in LCI Industries by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after acquiring an additional 12,018 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of LCI Industries by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after purchasing an additional 92 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of LCI Industries in the fourth quarter valued at $901,000. Washington Capital Management Inc. acquired a new stake in LCI Industries during the 1st quarter valued at $295,000. Finally, ARGA Investment Management LP increased its stake in LCI Industries by 144.3% during the 1st quarter. ARGA Investment Management LP now owns 13,789 shares of the company’s stock worth $1,697,000 after buying an additional 8,144 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 0.3 %

Shares of LCI Industries stock opened at $123.41 on Friday. The business has a 50-day moving average price of $117.23 and a 200 day moving average price of $111.17. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The firm has a market cap of $3.14 billion, a P/E ratio of 33.54 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. On average, sell-side analysts forecast that LCI Industries will post 5.97 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio is presently 114.13%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LCII shares. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James began coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Truist Financial upped their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $112.20.

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.