Inspire Advisors LLC Boosts Stake in LCI Industries (NYSE:LCII)

Inspire Advisors LLC lifted its holdings in LCI Industries (NYSE:LCII) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 5,907 shares of the company’s stock after acquiring an additional 206 shares during the period. Inspire Advisors LLC’s holdings in LCI Industries were worth $611,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries in the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its stake 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 worth $37,000 after purchasing an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries in the third quarter worth $49,000. Blue Trust Inc. increased its position in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after acquiring an additional 234 shares during the last quarter. Finally, Aubrey Capital Management Ltd purchased a new stake in LCI Industries during the third quarter valued at $208,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of LCII opened at $91.52 on Wednesday. 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 business has a 50-day simple moving average of $104.01 and a two-hundred day simple moving average of $111.70. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 16.34 and a beta of 1.45. LCI Industries has a 52 week low of $89.91 and a 52 week high of $129.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS 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%. On average, analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of research reports. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Truist Financial upped 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, 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $121.50.

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.