Motley Fool Asset Management LLC Lowers Holdings in LCI Industries (NYSE:LCII)

Motley Fool Asset Management LLC cut its holdings in LCI Industries (NYSE:LCII) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,183 shares of the company’s stock after selling 931 shares during the period. Motley Fool Asset Management LLC owned 0.16% of LCI Industries worth $5,177,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in LCI Industries by 28.9% in the 3rd quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after acquiring an additional 249 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of LCI Industries during the 3rd quarter valued at approximately $1,517,000. DAVENPORT & Co LLC increased its stake in LCI Industries by 3.5% in the third quarter. DAVENPORT & Co LLC now owns 4,044 shares of the company’s stock worth $475,000 after purchasing an additional 138 shares during the period. Handelsbanken Fonder AB increased its stake in LCI Industries by 37.9% in the third quarter. Handelsbanken Fonder AB now owns 5,181 shares of the company’s stock worth $608,000 after purchasing an additional 1,423 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in LCI Industries by 2.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,256 shares of the company’s stock worth $1,204,000 after purchasing an additional 223 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial reiterated a “hold” rating and issued a $110.00 target price (down previously from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Robert W. Baird dropped their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Roth Mkm dropped their price objective on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Finally, BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $104.20.

LCI Industries Stock Down 2.4 %

LCI Industries stock traded down $2.68 during midday trading on Thursday, reaching $106.74. The company’s stock had a trading volume of 199,207 shares, compared to its average volume of 231,170. The stock’s 50-day simple moving average is $115.92 and its 200-day simple moving average is $115.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88. LCI Industries has a 52-week low of $102.39 and a 52-week high of $137.07. The stock has a market capitalization of $2.72 billion, a P/E ratio of 42.19 and a beta of 1.40.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same quarter in the previous year, the business earned ($0.68) earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts expect that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s payout ratio is 166.01%.

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.