Rice Hall James & Associates LLC Has $8.60 Million Stock Holdings in LCI Industries $LCII

Rice Hall James & Associates LLC trimmed its holdings in LCI Industries (NYSE:LCII) by 9.0% during the third quarter, Holdings Channel reports. The institutional investor owned 92,348 shares of the company’s stock after selling 9,126 shares during the quarter. Rice Hall James & Associates LLC’s holdings in LCI Industries were worth $8,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LCII. SageView Advisory Group LLC lifted its position in LCI Industries by 6.3% in the 2nd quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after acquiring an additional 145 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of LCI Industries by 0.7% in the second quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after purchasing an additional 159 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in LCI Industries by 45.5% during the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after buying an additional 167 shares in the last quarter. Zions Bancorporation National Association UT raised its position in LCI Industries by 1.1% in the 2nd quarter. Zions Bancorporation National Association UT now owns 15,309 shares of the company’s stock valued at $1,396,000 after buying an additional 171 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in LCI Industries by 12.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,239 shares of the company’s stock worth $204,000 after acquiring an additional 248 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

LCI Industries stock opened at $124.00 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $110.44 and its 200 day simple moving average is $101.55. LCI Industries has a 12 month low of $72.31 and a 12 month high of $125.00. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 17.34 and a beta of 1.32.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results 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 12.60% and a net margin of 4.49%. Sell-side analysts forecast 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, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LCII shares. Loop Capital started coverage on shares of LCI Industries in a report on Friday, October 31st. They set a “buy” rating and a $116.00 price target on the stock. Truist Financial lifted their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Wall Street Zen downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Finally, BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective on the stock in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $113.67.

LCI Industries Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.