LCI Industries (NYSE:LCII) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. raised its stake in LCI Industries (NYSE:LCII) by 10.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,812 shares of the company’s stock after buying an additional 358 shares during the quarter. Raymond James Trust N.A.’s holdings in LCI Industries were worth $459,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. LRI Investments LLC acquired a new position in LCI Industries during the 1st quarter valued at about $46,000. Blue Trust Inc. raised its stake in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 acquiring an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake 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 worth $77,000 after purchasing an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of LCI Industries during the second quarter valued at about $93,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LCII. Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report 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 for the company. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Stock Performance

Shares of LCII stock opened at $123.18 on Wednesday. The stock’s fifty day simple moving average is $117.54 and its 200-day simple moving average is $112.31. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.97 and a beta of 1.41. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The firm 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 firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. On average, sell-side analysts predict that LCI Industries will post 5.51 earnings per share for the current fiscal 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 given a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 3.73%. LCI Industries’s dividend payout ratio (DPR) is presently 81.71%.

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.