LCI Industries $LCII Stake Cut by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in LCI Industries (NYSE:LCII) by 52.1% in the third quarter, HoldingsChannel.com reports. The firm owned 6,112 shares of the company’s stock after selling 6,650 shares during the period. SG Americas Securities LLC’s holdings in LCI Industries were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its position in shares of LCI Industries by 25.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,883 shares of the company’s stock worth $1,084,000 after buying an additional 2,380 shares during the last quarter. Nordea Investment Management AB lifted its holdings in LCI Industries by 2.0% in the second quarter. Nordea Investment Management AB now owns 22,807 shares of the company’s stock worth $2,083,000 after acquiring an additional 438 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its stake in LCI Industries by 226.5% in the second quarter. Timucuan Asset Management Inc. FL now owns 35,318 shares of the company’s stock valued at $3,221,000 after acquiring an additional 24,500 shares during the period. GAMMA Investing LLC grew its holdings in shares of LCI Industries by 129.0% during the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock valued at $69,000 after purchasing an additional 427 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of LCI Industries during the 2nd quarter worth approximately $2,914,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LCII shares. Robert W. Baird boosted their price objective on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Truist Financial set a $147.00 target price on LCI Industries in a research note on Tuesday. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $128.50.

LCI Industries Trading Down 1.9%

NYSE:LCII opened at $147.06 on Friday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 20.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. LCI Industries has a 1 year low of $72.31 and a 1 year high of $151.85. The business has a fifty day moving average of $123.09 and a 200-day moving average of $107.15.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.53. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $963.96 million. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. Equities analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $1.15 dividend. The ex-dividend date was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.1%. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.