LCI Industries (NYSE:LCII) Shares Acquired by Covestor Ltd

Covestor Ltd increased its position in shares of LCI Industries (NYSE:LCII) by 159.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 765 shares of the company’s stock after buying an additional 470 shares during the period. Covestor Ltd’s holdings in LCI Industries were worth $79,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC increased its position in shares of LCI Industries by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after acquiring an additional 143 shares during the last quarter. Keybank National Association OH grew its stake in LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock valued at $315,000 after purchasing an additional 202 shares in the last quarter. Inspire Advisors LLC increased its holdings in LCI Industries by 3.6% during the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after purchasing an additional 206 shares during the last quarter. Tidal Investments LLC raised its position in shares of LCI Industries by 2.4% in the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock valued at $1,133,000 after purchasing an additional 223 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII opened at $77.00 on Monday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $94.57 and its 200 day moving average price is $106.19. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 13.75 and a beta of 1.36.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is 82.14%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and issued a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Baird R W cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Truist Financial boosted their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and a consensus target price of $117.20.

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.