Posted by admin on Jul 22nd, 2022

Comerica Bank reduced its stake in shares of LCI Industries (NYSE:LCII – Get Rating) by 1.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 25,297 shares of the company’s stock after selling 375 shares during the quarter. Comerica Bank’s holdings in LCI Industries were worth $2,695,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LCII. Okabena Investment Services Inc. bought a new stake in LCI Industries in the 4th quarter valued at about $29,000. Covestor Ltd acquired a new position in LCI Industries during the 4th quarter valued at about $35,000. HM Payson & Co. increased its stake in LCI Industries by 869.6% during the 4th quarter. HM Payson & Co. now owns 223 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. Russell Investments Group Ltd. acquired a new position in LCI Industries during the 4th quarter valued at about $69,000. Finally, Steward Partners Investment Advisory LLC increased its stake in LCI Industries by 514.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 461 shares of the company’s stock valued at $72,000 after buying an additional 386 shares during the period. 97.77% of the stock is currently owned by institutional investors.

In other news, EVP Nick C. Fletcher sold 3,597 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $117.45, for a total value of $422,467.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

LCII has been the topic of several research analyst reports. Robert W. Baird lowered their target price on shares of LCI Industries from $175.00 to $155.00 in a research note on Wednesday, May 11th. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. Truist Financial lowered their target price on shares of LCI Industries to $135.00 in a research note on Thursday, May 26th. MKM Partners started coverage on shares of LCI Industries in a research note on Thursday, May 5th. They issued a “buy” rating and a $153.00 price objective on the stock. Finally, DA Davidson started coverage on shares of LCI Industries in a research note on Wednesday, April 13th. They issued a “buy” rating and a $130.00 price objective on the stock.

Shares of LCII opened at $130.04 on Friday. The firm’s 50 day moving average is $115.14 and its 200-day moving average is $117.39. The stock has a market capitalization of $3.30 billion, a P/E ratio of 8.08 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.47 and a quick ratio of 0.93. LCI Industries has a 12-month low of $96.32 and a 12-month high of $163.33.

LCI Industries (NYSE:LCII – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $3.23. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.40 billion. LCI Industries had a net margin of 8.01% and a return on equity of 37.57%. The business’s revenue was up 64.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. Equities research analysts anticipate that LCI Industries will post 18.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a dividend of $1.05 per share. This is a boost from LCI Industries’s previous quarterly dividend of $0.90. This represents a $4.20 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Thursday, June 2nd. LCI Industries’s dividend payout ratio (DPR) is currently 26.10%.

LCI Industries, together 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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.

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