LCI Industries (NYSE:LCII) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of LCI Industries (NYSE:LCII) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,629 shares of the company’s stock after purchasing an additional 80,784 shares during the period. Bank of New York Mellon Corp owned approximately 1.40% of LCI Industries worth $36,975,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LCII. SkyView Investment Advisors LLC grew its holdings in LCI Industries by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after acquiring an additional 143 shares during the period. Tidal Investments LLC grew its holdings in LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after acquiring an additional 223 shares during the period. Blue Trust Inc. grew its holdings in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares during the period. Stifel Financial Corp grew its holdings in LCI Industries by 0.3% during the third quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock worth $9,952,000 after acquiring an additional 242 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in LCI Industries by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 15,459 shares of the company’s stock worth $1,863,000 after acquiring an additional 258 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial increased their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $121.50.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $98.31 on Friday. LCI Industries has a 1-year low of $95.09 and a 1-year high of $129.38. The firm has a market capitalization of $2.50 billion, a PE ratio of 17.56 and a beta of 1.45. The business’s 50 day moving average is $104.36 and its 200-day moving average is $112.06. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last announced its quarterly 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 10.28% and a net margin of 3.82%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Friday, March 7th. LCI Industries’s dividend payout ratio is currently 82.14%.

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.