Sei Investments Co. Sells 2,206 Shares of LCI Industries (NYSE:LCII)

Sei Investments Co. cut its stake in LCI Industries (NYSE:LCII) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,069 shares of the company’s stock after selling 2,206 shares during the period. Sei Investments Co. owned about 0.09% of LCI Industries worth $2,282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LCII. Centiva Capital LP bought a new stake in LCI Industries during the 3rd quarter valued at $628,000. Stifel Financial Corp lifted its position in shares of 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. XTX Topco Ltd bought a new position in shares of LCI Industries during the third quarter valued at approximately $770,000. MML Investors Services LLC purchased a new position in LCI Industries during the third quarter valued at approximately $260,000. Finally, Geode Capital Management LLC raised 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 in the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Price Performance

NYSE:LCII opened at $81.78 on Friday. The stock has a 50 day moving average of $98.29 and a two-hundred day moving average of $108.23. LCI Industries has a 12 month low of $75.72 and a 12 month high of $129.38. The firm has a market cap of $2.06 billion, a P/E ratio of 14.60 and a beta of 1.36. 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 earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.62%. LCI Industries’s payout ratio is 82.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on LCII. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Wednesday, February 12th. Truist Financial boosted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Robert W. Baird restated a “neutral” rating and set a $100.00 price objective (down from $130.00) on shares of LCI Industries in a research note on Friday. Finally, StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $117.20.

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.