Thrivent Financial for Lutherans Lowers Stock Holdings in LCI Industries (NYSE:LCII)

Thrivent Financial for Lutherans reduced its position in LCI Industries (NYSE:LCII) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,127 shares of the company’s stock after selling 843 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of LCI Industries worth $2,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. raised its stake in shares of LCI Industries by 532.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after acquiring an additional 314 shares in the last quarter. LRI Investments LLC acquired a new stake in LCI Industries in the 1st quarter valued at about $46,000. Fidelis Capital Partners LLC purchased a new position in shares of LCI Industries in the 1st quarter valued at about $68,000. nVerses Capital LLC grew its position in shares of LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after buying an additional 100 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of LCI Industries during the first quarter worth approximately $184,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Up 0.5 %

LCII opened at $121.19 on Wednesday. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. The stock has a market capitalization of $3.08 billion, a P/E ratio of 32.93 and a beta of 1.41. The business’s 50-day simple moving average is $115.12 and its 200-day simple moving average is $110.83.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. Analysts anticipate that LCI Industries will post 6.01 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LCII. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial lifted their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Raymond James initiated coverage on LCI Industries in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.67.

LCI Industries 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.