LCI Industries (NYSE:LCII) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its position in LCI Industries (NYSE:LCII) by 15.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,418 shares of the company’s stock after acquiring an additional 1,490 shares during the quarter. Atria Investments Inc’s holdings in LCI Industries were worth $1,376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in LCI Industries during the 1st quarter valued at about $46,000. Blue Trust Inc. boosted its holdings in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after purchasing an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $93,000. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Stock Up 0.4 %

Shares of LCII opened at $114.69 on Friday. The company’s 50-day moving average price is $116.95 and its 200 day moving average price is $111.81. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. 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 cap of $2.92 billion, a P/E ratio of 22.31 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. On average, sell-side analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.01%. LCI Industries’s payout ratio is presently 81.71%.

Analyst Ratings Changes

LCII has been the topic of a number of recent research reports. Raymond James assumed coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Benchmark reissued a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Truist Financial boosted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $112.20.

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.