LCI Industries (NYSE:LCII) Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in LCI Industries (NYSE:LCII) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,423 shares of the company’s stock after purchasing an additional 25,145 shares during the period. Charles Schwab Investment Management Inc. owned about 1.71% of LCI Industries worth $45,122,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in shares of LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after acquiring an additional 11,286 shares during the period. Geode Capital Management LLC lifted its position in shares of LCI Industries by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after acquiring an additional 1,688 shares during the period. Royce & Associates LP lifted its position in LCI Industries by 22.5% in the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock worth $45,086,000 after purchasing an additional 68,682 shares during the period. Bank of New York Mellon Corp raised its position in LCI Industries by 29.2% in the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after purchasing an additional 80,784 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of LCI Industries by 11.0% in the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock valued at $37,607,000 after purchasing an additional 31,376 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LCII. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Finally, Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $121.50.

LCI Industries Stock Up 2.4 %

NYSE:LCII opened at $89.66 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. LCI Industries has a 52-week low of $86.56 and a 52-week high of $129.38. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 16.01 and a beta of 1.45. The stock’s fifty day moving average price is $103.19 and its two-hundred day moving average price is $111.16.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

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.