Apollon Wealth Management LLC Sells 604 Shares of LCI Industries $LCII

Apollon Wealth Management LLC decreased its stake in shares of LCI Industries (NYSE:LCII) by 16.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,036 shares of the company’s stock after selling 604 shares during the quarter. Apollon Wealth Management LLC’s holdings in LCI Industries were worth $277,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of LCI Industries during the 1st quarter worth about $410,000. Teacher Retirement System of Texas raised its position in LCI Industries by 136.5% in the first quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company’s stock worth $831,000 after purchasing an additional 5,484 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in LCI Industries by 93,707.4% during the first quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company’s stock worth $2,214,000 after purchasing an additional 25,301 shares during the period. Allianz Asset Management GmbH lifted its stake in LCI Industries by 16.0% during the first quarter. Allianz Asset Management GmbH now owns 20,347 shares of the company’s stock worth $1,779,000 after purchasing an additional 2,800 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in LCI Industries during the 1st quarter valued at about $825,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of LCI Industries from $80.00 to $85.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Truist Financial increased their price target on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.00.

LCI Industries Stock Performance

LCII stock opened at $87.99 on Friday. The company has a 50 day moving average price of $98.33 and a 200 day moving average price of $92.13. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The stock has a market capitalization of $2.13 billion, a PE ratio of 14.69 and a beta of 1.31.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $1.15 per share. The ex-dividend date was Friday, August 29th. This represents a $4.60 dividend on an annualized basis and a yield of 5.2%. LCI Industries’s dividend payout ratio is presently 76.79%.

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.