Private Client Services LLC Makes New $871,000 Investment in LCI Industries (NYSE:LCII)

Private Client Services LLC purchased a new stake in shares of LCI Industries (NYSE:LCII) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,420 shares of the company’s stock, valued at approximately $871,000.

A number of other hedge funds also recently made changes to their positions in LCII. Nordea Investment Management AB acquired a new stake in LCI Industries in the 4th quarter valued at approximately $2,394,000. Principal Financial Group Inc. grew its stake in shares of LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after purchasing an additional 36,487 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of LCI Industries by 11.0% in the third quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock worth $37,607,000 after purchasing an additional 31,376 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock valued at $1,133,000 after purchasing an additional 223 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of LCI Industries during the third quarter valued at about $49,000. Institutional investors own 99.71% of the company’s stock.

Insider Activity at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Raymond James began coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Truist Financial dropped their target price on LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.00.

LCI Industries Stock Down 0.2 %

Shares of LCI Industries stock traded down $0.25 on Wednesday, hitting $102.06. 49,414 shares of the company traded hands, compared to its average volume of 175,865. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.60 billion, a PE ratio of 19.86 and a beta of 1.44. The company has a 50-day moving average price of $113.02 and a 200 day moving average price of $113.25.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. Sell-side analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.51%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is currently 89.49%.

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.