Corient Private Wealth LLC Has $302,000 Stock Holdings in LCI Industries (NYSE:LCII)

Corient Private Wealth LLC decreased its holdings in shares of LCI Industries (NYSE:LCII) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,924 shares of the company’s stock after selling 352 shares during the quarter. Corient Private Wealth LLC’s holdings in LCI Industries were worth $302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LCII. Hantz Financial Services Inc. lifted its holdings in LCI Industries by 18.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 6,193 shares of the company’s stock worth $747,000 after purchasing an additional 983 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of LCI Industries in the third quarter worth $628,000. Readystate Asset Management LP bought a new stake in shares of LCI Industries during the 3rd quarter worth $500,000. Stifel Financial Corp boosted its holdings in shares of LCI Industries by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock worth $9,952,000 after buying an additional 242 shares during the period. Finally, Stadium Capital Management LLC acquired a new position in LCI Industries in the 3rd quarter valued at $2,412,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 0.1 %

Shares of LCII opened at $87.48 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $100.01 and a two-hundred day moving average price of $109.11. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 15.62 and a beta of 1.45. LCI Industries has a 12 month low of $85.69 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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%. Equities analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s payout ratio is 82.14%.

Wall Street Analyst Weigh In

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

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.