Swiss National Bank Decreases Holdings in LCI Industries (NYSE:LCII)

Swiss National Bank decreased its position in LCI Industries (NYSE:LCII) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,700 shares of the company’s stock after selling 200 shares during the quarter. Swiss National Bank owned 0.20% of LCI Industries worth $5,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after acquiring an additional 97,877 shares during the last quarter. Royce & Associates LP boosted its position in 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. Dimensional Fund Advisors LP grew its stake in shares of LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after buying an additional 36,487 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after acquiring an additional 34,110 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James started coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Truist Financial upped their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $112.20.

LCI Industries Stock Down 2.8 %

Shares of NYSE LCII opened at $123.18 on Wednesday. The firm has a fifty day simple moving average of $117.54 and a two-hundred day simple moving average of $112.31. 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 capitalization of $3.14 billion, a PE ratio of 24.68 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, topping analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $915.50 million during 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%. LCI Industries’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share. Equities analysts expect that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The company also recently announced 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.73%. 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. LCI Industries’s dividend payout ratio (DPR) is presently 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.