HM Payson & Co. Trims Stake in LCI Industries (NYSE:LCII)

HM Payson & Co. reduced its stake in shares of LCI Industries (NYSE:LCII) by 38.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 405 shares of the company’s stock after selling 250 shares during the quarter. HM Payson & Co.’s holdings in LCI Industries were worth $42,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in LCI Industries during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its position in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries in the third quarter valued at approximately $49,000. Blue Trust Inc. increased its position in shares of LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after buying an additional 234 shares in the last quarter. Finally, Aubrey Capital Management Ltd purchased a new stake in shares of LCI Industries in the third quarter valued at approximately $208,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Wednesday, February 12th. Truist Financial boosted their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and a consensus target price of $121.50.

LCI Industries Stock Down 2.2 %

Shares of LCII opened at $96.23 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. LCI Industries has a one year low of $95.09 and a one year high of $129.38. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 17.18 and a beta of 1.45. The stock has a 50 day moving average price of $104.24 and a 200 day moving average price of $111.90.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Equities research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

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.