LCI Industries $LCII Holdings Increased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its stake in LCI Industries (NYSE:LCII) by 155.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the company’s stock after acquiring an additional 938 shares during the period. Parkside Financial Bank & Trust’s holdings in LCI Industries were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LCII. Teacher Retirement System of Texas raised its holdings in LCI Industries by 136.5% during 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. Cerity Partners LLC increased its position in shares of LCI Industries by 178.0% during the 1st quarter. Cerity Partners LLC now owns 7,394 shares of the company’s stock valued at $646,000 after purchasing an additional 4,734 shares during the period. Apollon Wealth Management LLC raised its stake in shares of LCI Industries by 6.1% in the 1st quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company’s stock worth $318,000 after buying an additional 208 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after buying an additional 439 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock valued at $60,808,000 after buying an additional 59,233 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LCII shares. Robert W. Baird lifted their target price on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Wall Street Zen raised shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price for the company in a research note on Monday, November 3rd. Truist Financial raised their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.67.

LCI Industries Stock Performance

LCI Industries stock opened at $109.74 on Tuesday. The firm’s 50 day simple moving average is $96.54 and its 200-day simple moving average is $94.62. The company has a market cap of $2.66 billion, a P/E ratio of 18.32 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The business had revenue of $1 billion during the quarter. As a group, equities research analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

LCI Industries 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.