LCI Industries (NYSE:LCII) Shares Acquired by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in shares of LCI Industries (NYSE:LCII) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,260 shares of the company’s stock after purchasing an additional 2,886 shares during the period. Zions Bancorporation N.A. owned approximately 0.06% of LCI Industries worth $1,681,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LCII. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in LCI Industries during the third quarter valued at about $785,000. Intech Investment Management LLC raised its holdings in shares of LCI Industries by 133.7% during the third quarter. Intech Investment Management LLC now owns 9,889 shares of the company’s stock valued at $1,192,000 after acquiring an additional 5,657 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after acquiring an additional 29,192 shares in the last quarter. Raymond James Trust N.A. boosted its stake in LCI Industries by 10.4% in the 3rd quarter. Raymond James Trust N.A. now owns 3,812 shares of the company’s stock worth $459,000 after purchasing an additional 358 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in LCI Industries during the 3rd quarter worth approximately $756,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $89.99 on Wednesday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 16.07 and a beta of 1.45. LCI Industries has a 1 year low of $86.23 and a 1 year high of $129.38. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $101.41 and a 200 day simple moving average of $109.74.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio is presently 82.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Truist Financial increased their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Finally, CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

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.