Glenmede Trust Co. NA trimmed its position in LCI Industries (NYSE:LCII) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,632 shares of the company’s stock after selling 44,110 shares during the quarter. Glenmede Trust Co. NA owned 1.09% of LCI Industries worth $35,310,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LCII. Congress Asset Management Co. MA grew its holdings in LCI Industries by 723.3% in the 4th quarter. Congress Asset Management Co. MA now owns 689,686 shares of the company’s stock valued at $89,659,000 after buying an additional 605,911 shares in the last quarter. Hood River Capital Management LLC grew its holdings in LCI Industries by 172.0% in the 4th quarter. Hood River Capital Management LLC now owns 176,984 shares of the company’s stock valued at $23,008,000 after buying an additional 111,921 shares in the last quarter. SG Capital Management LLC acquired a new position in LCI Industries in the 4th quarter valued at $14,208,000. KAMES CAPITAL plc grew its holdings in LCI Industries by 33.1% in the 4th quarter. KAMES CAPITAL plc now owns 377,277 shares of the company’s stock valued at $48,989,000 after buying an additional 93,848 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in LCI Industries by 2.4% in the 4th quarter. BlackRock Inc. now owns 3,054,193 shares of the company’s stock valued at $397,047,000 after buying an additional 71,225 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. Zacks Investment Research raised LCI Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 price objective on shares of LCI Industries in a report on Friday, December 22nd. Finally, Northcoast Research assumed coverage on LCI Industries in a report on Friday, January 26th. They issued a “sell” rating and a $94.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $117.50.
Shares of LCI Industries stock opened at $110.35 on Monday. The stock has a market capitalization of $2,758.11, a price-to-earnings ratio of 21.06 and a beta of 0.98. LCI Industries has a 1-year low of $86.25 and a 1-year high of $132.73. The company has a current ratio of 2.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.
LCI Industries (NYSE:LCII) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.09. The company had revenue of $547.14 million for the quarter, compared to analyst estimates of $511.36 million. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. LCI Industries’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. research analysts anticipate that LCI Industries will post 8.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 15th. LCI Industries’s dividend payout ratio (DPR) is currently 41.98%.
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LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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