Pacer Advisors Inc. Decreases Stock Holdings in LCI Industries (NYSE:LCII)

Pacer Advisors Inc. reduced its position in shares of LCI Industries (NYSE:LCII) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,035,096 shares of the company’s stock after selling 129,815 shares during the period. Pacer Advisors Inc.’s holdings in LCI Industries were worth $107,019,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Royce & Associates LP raised its holdings in LCI Industries by 22.5% in the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock worth $45,086,000 after purchasing an additional 68,682 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after buying an additional 36,487 shares during the period. Conestoga Capital Advisors LLC boosted its position in LCI Industries by 26.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after acquiring an additional 34,110 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of LCI Industries by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock worth $37,607,000 after acquiring an additional 31,376 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after acquiring an additional 29,192 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LCII has been the topic of several research reports. Raymond James initiated coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Sunday, January 12th. Finally, Truist Financial lowered their price target on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Four research 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 company presently has a consensus rating of “Hold” and a consensus price target of $113.75.

LCI Industries Stock Performance

Shares of LCII stock opened at $105.88 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.60 and a beta of 1.44. LCI Industries has a one year low of $96.18 and a one year high of $129.38. The company’s 50-day moving average is $110.36 and its 200 day moving average is $113.60.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same quarter last year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts expect that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.34%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

LCI Industries 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.