Prudential Financial Inc. Reduces Position in LCI Industries (LCII)

Prudential Financial Inc. lessened its holdings in shares of LCI Industries (NYSE:LCII) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,686 shares of the company’s stock after selling 647 shares during the period. Prudential Financial Inc. owned 0.17% of LCI Industries worth $2,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in LCI Industries by 68.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,053,835 shares of the company’s stock valued at $87,258,000 after purchasing an additional 427,062 shares during the last quarter. LSV Asset Management acquired a new position in LCI Industries in the 3rd quarter valued at about $11,691,000. BlackRock Inc. boosted its holdings in LCI Industries by 3.8% in the 3rd quarter. BlackRock Inc. now owns 3,568,016 shares of the company’s stock valued at $295,433,000 after purchasing an additional 130,605 shares during the last quarter. Boston Partners boosted its holdings in LCI Industries by 23.4% in the 4th quarter. Boston Partners now owns 649,830 shares of the company’s stock valued at $43,409,000 after purchasing an additional 123,129 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in LCI Industries by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,191,611 shares of the company’s stock valued at $98,666,000 after purchasing an additional 113,605 shares during the last quarter. 97.27% of the stock is owned by institutional investors.

NYSE:LCII opened at $79.54 on Friday. The company has a current ratio of 2.97, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 13.57 and a beta of 1.39. LCI Industries has a 1-year low of $59.68 and a 1-year high of $110.65.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, February 7th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.15). The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $549.39 million. LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Equities analysts expect that LCI Industries will post 5.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.40 annualized dividend and a yield of 3.02%. LCI Industries’s payout ratio is 40.96%.

In other news, insider Nick C. Fletcher sold 1,688 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $79.57, for a total value of $134,314.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Gero acquired 15,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was bought at an average price of $63.24 per share, for a total transaction of $948,600.00. Following the completion of the acquisition, the director now owns 278,473 shares in the company, valued at approximately $17,610,632.52. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Separately, Sidoti decreased their target price on shares of LCI Industries from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.25.

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LCI Industries Profile

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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