BlackRock Inc. lifted its holdings in LCI Industries (NYSE:LCII) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,606,789 shares of the company’s stock after buying an additional 38,773 shares during the quarter. BlackRock Inc. owned approximately 14.30% of LCI Industries worth $240,934,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in LCI Industries by 39.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. Exane Derivatives bought a new stake in LCI Industries in the 4th quarter valued at about $37,000. Bank of Montreal Can lifted its position in LCI Industries by 16.9% in the 4th quarter. Bank of Montreal Can now owns 2,771 shares of the company’s stock valued at $185,000 after purchasing an additional 400 shares during the last quarter. First Hawaiian Bank lifted its position in LCI Industries by 10.1% in the 4th quarter. First Hawaiian Bank now owns 2,840 shares of the company’s stock valued at $189,000 after purchasing an additional 260 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in LCI Industries in the 3rd quarter valued at about $258,000. Institutional investors own 97.27% of the company’s stock.
Separately, Sidoti cut their price objective on shares of LCI Industries from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, November 30th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. LCI Industries currently has a consensus rating of “Hold” and an average target price of $103.25.
LCI Industries stock opened at $79.54 on Friday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 13.57 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 2.97. LCI Industries has a 52 week low of $59.68 and a 52 week high of $110.65.
LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.15). The business had revenue of $536.62 million during the quarter, compared to analyst estimates of $549.39 million. LCI Industries had a return on equity of 21.05% and a net margin of 6.00%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. As a group, research analysts forecast that LCI Industries will post 5.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.40 annualized dividend and a dividend yield of 3.02%. LCI Industries’s dividend payout ratio is currently 40.96%.
In other news, insider Nick C. Fletcher sold 1,688 shares of LCI Industries 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 legal filing with the SEC, which is available at this link. Also, Director James Gero acquired 15,000 shares of the stock in a transaction dated Monday, December 17th. The stock was acquired at an average cost of $63.24 per share, for a total transaction of $948,600.00. Following the purchase, the director now directly owns 278,473 shares in the company, valued at $17,610,632.52. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.
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LCI Industries Company 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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