HighTower Advisors LLC Sells 2,535 Shares of LCI Industries (NYSE:LCII)

HighTower Advisors LLC cut its holdings in LCI Industries (NYSE:LCII) by 48.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,714 shares of the company’s stock after selling 2,535 shares during the period. HighTower Advisors LLC’s holdings in LCI Industries were worth $281,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Centiva Capital LP bought a new position in shares of LCI Industries in the third quarter worth $628,000. Readystate Asset Management LP purchased a new stake in LCI Industries during the 3rd quarter worth about $500,000. Stifel Financial Corp boosted its stake in LCI Industries by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock worth $9,952,000 after purchasing an additional 242 shares during the period. Stadium Capital Management LLC purchased a new position in LCI Industries during the 3rd quarter valued at about $2,412,000. Finally, XTX Topco Ltd purchased a new position in LCI Industries during the 3rd quarter valued at about $770,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Trading Up 2.1 %

Shares of LCII opened at $89.74 on Thursday. LCI Industries has a 1-year low of $85.69 and a 1-year high of $129.38. The company has a market capitalization of $2.29 billion, a P/E ratio of 16.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm’s 50 day simple moving average is $99.27 and its 200 day simple moving average is $108.77.

LCI Industries (NYSE:LCII) last posted 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%. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were 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 was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is currently 82.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LCII. Truist Financial raised their price objective on shares of 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 downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday. Finally, CJS Securities raised shares of 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.