Amalgamated Bank Sells 263 Shares of LCI Industries (NYSE:LCII)

Amalgamated Bank trimmed its position in LCI Industries (NYSE:LCII) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,488 shares of the company’s stock after selling 263 shares during the quarter. Amalgamated Bank’s holdings in LCI Industries were worth $903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LCII. Mercer Global Advisors Inc. ADV raised its stake in shares of LCI Industries by 4.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after buying an additional 90 shares in the last quarter. nVerses Capital LLC lifted its stake in LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after purchasing an additional 100 shares during the period. HM Payson & Co. boosted its holdings in LCI Industries by 6.4% during the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after purchasing an additional 105 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of LCI Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LCII has been the topic of several recent analyst reports. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. 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 research note on Friday, September 20th. Benchmark reissued a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Finally, Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $112.20.

LCI Industries Trading Down 0.7 %

LCII opened at $114.16 on Friday. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The stock has a market capitalization of $2.91 billion, a PE ratio of 22.28 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. The firm has a 50-day moving average price of $116.88 and a two-hundred day moving average price of $111.69.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same quarter last year, the business posted $1.02 earnings per share. LCI Industries’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that LCI Industries will post 5.65 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.15 dividend. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 4.03%. LCI Industries’s dividend payout ratio (DPR) is currently 81.71%.

About LCI Industries

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.