Intech Investment Management LLC Boosts Stock Holdings in LCI Industries (NYSE:LCII)

Intech Investment Management LLC raised its holdings in shares of LCI Industries (NYSE:LCII) by 133.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,889 shares of the company’s stock after purchasing an additional 5,657 shares during the quarter. Intech Investment Management LLC’s holdings in LCI Industries were worth $1,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in LCI Industries by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after buying an additional 62,354 shares during the last quarter. Principal Financial Group Inc. grew its holdings in LCI Industries by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares during the last quarter. Victory Capital Management Inc. lifted its stake in LCI Industries by 2.5% in the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock worth $74,882,000 after purchasing an additional 14,969 shares during the last quarter. American Century Companies Inc. boosted its position in shares of LCI Industries by 30.5% during the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after buying an additional 97,877 shares during the period. Finally, Royce & Associates LP boosted its position in shares of LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after buying an additional 68,682 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LCII shares. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial upped their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Raymond James assumed coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. One equities 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.20.

LCI Industries Trading Down 2.8 %

Shares of LCI Industries stock opened at $123.18 on Wednesday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The firm’s 50 day simple moving average is $117.54 and its two-hundred day simple moving average is $112.31. 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 has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.97 and a beta of 1.41.

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

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid 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 yield of 3.73%. The ex-dividend date is Friday, November 29th. LCI Industries’s dividend payout ratio is currently 81.71%.

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.