Zions Bancorporation N.A. Has $1.61 Million Stock Holdings in LCI Industries (NYSE:LCII)

Zions Bancorporation N.A. increased its position in shares of LCI Industries (NYSE:LCII) by 19.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,374 shares of the company’s stock after buying an additional 2,190 shares during the period. Zions Bancorporation N.A.’s holdings in LCI Industries were worth $1,612,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LCII. UniSuper Management Pty Ltd purchased a new position in LCI Industries during the first quarter worth about $732,000. Comerica Bank grew its stake in LCI Industries by 24.1% in the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after buying an additional 6,174 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of LCI Industries by 76.7% in the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock valued at $1,558,000 after purchasing an additional 5,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in LCI Industries by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after buying an additional 15,670 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in LCI Industries during the 2nd quarter valued at about $438,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Performance

LCII opened at $114.16 on Friday. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $116.88 and its 200 day moving average price is $111.69. The firm has a market capitalization of $2.91 billion, a PE ratio of 22.21 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same period last year, the business posted $1.02 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that LCI Industries will post 5.65 EPS for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.15 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 4.03%. LCI Industries’s payout ratio is presently 81.71%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Raymond James began coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. 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 lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $112.20.

LCI Industries Company 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.