Yousif Capital Management LLC Decreases Stake in LCI Industries (NYSE:LCII)

Yousif Capital Management LLC cut its holdings in LCI Industries (NYSE:LCII) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,689 shares of the company’s stock after selling 189 shares during the quarter. Yousif Capital Management LLC’s holdings in LCI Industries were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LCII. Blue Trust Inc. boosted its stake in shares of LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after buying an additional 361 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in LCI Industries during the third quarter worth $49,000. nVerses Capital LLC boosted its position in LCI Industries by 14.3% during the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock worth $193,000 after purchasing an additional 200 shares in the last quarter. Aubrey Capital Management Ltd purchased a new stake in LCI Industries during the third quarter worth $208,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in LCI Industries during the third quarter worth $219,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on LCII shares. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Wednesday. Finally, Truist Financial boosted their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, LCI Industries has a consensus rating of “Hold” and an average target price of $121.50.

LCI Industries Stock Up 0.9 %

Shares of NYSE:LCII opened at $110.42 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. LCI Industries has a 52-week low of $96.18 and a 52-week high of $129.38. The stock’s fifty day simple moving average is $106.00 and its 200-day simple moving average is $112.86. The company has a market capitalization of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.44.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. As a group, equities research analysts forecast that LCI Industries will post 5.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by insiders.

LCI Industries Company Profile

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.