Natixis Advisors LLC Sells 48,147 Shares of LCI Industries (NYSE:LCII)

Natixis Advisors LLC trimmed its holdings in shares of LCI Industries (NYSE:LCII) by 82.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,563 shares of the company’s stock after selling 48,147 shares during the period. Natixis Advisors LLC’s holdings in LCI Industries were worth $1,092,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC grew its holdings in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after acquiring an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LCI Industries in the 3rd quarter valued at about $49,000. Blue Trust Inc. raised its stake in shares of LCI Industries by 60.2% in 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 last quarter. Finally, MML Investors Services LLC acquired a new position in shares of LCI Industries during the third quarter worth approximately $260,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LCII shares. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. 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. Finally, CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries has an average rating of “Moderate Buy” and a consensus target price of $121.50.

LCI Industries Price Performance

LCII opened at $89.99 on Wednesday. The company has a fifty day moving average price of $101.41 and a two-hundred day moving average price of $109.74. The firm has a market capitalization of $2.29 billion, a PE ratio of 16.07 and a beta of 1.45. LCI Industries has a 52 week low of $86.23 and a 52 week high of $129.38. 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 (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.11%. LCI Industries’s dividend 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.