Fmr LLC Lowers Stock Position in LCI Industries (NYSE:LCII)

Fmr LLC reduced its position in LCI Industries (NYSE:LCII) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,069,414 shares of the company’s stock after selling 129,128 shares during the period. Fmr LLC owned about 8.13% of LCI Industries worth $213,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MML Investors Services LLC purchased a new position in shares of LCI Industries in the 3rd quarter worth about $260,000. Geode Capital Management LLC raised its position in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after acquiring an additional 1,688 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in LCI Industries by 2.9% in 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. Wilmington Savings Fund Society FSB bought a new stake in LCI Industries in the third quarter valued at $49,000. Finally, Tidal Investments LLC boosted its position in shares of LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. CJS Securities upgraded shares of 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 target price on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and issued a $100.00 target price (down from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Baird R W cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.20.

LCI Industries Trading Down 0.7 %

Shares of LCII stock opened at $77.00 on Friday. The company has a market cap of $1.94 billion, a PE ratio of 13.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The stock’s fifty day moving average price is $94.57 and its two-hundred day moving average price is $106.27. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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 analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.97%. LCI Industries’s dividend payout ratio is 82.14%.

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.