Truist Financial Corp Has $1.40 Million Holdings in LCI Industries (NYSE:LCII)

Truist Financial Corp lessened its holdings in LCI Industries (NYSE:LCII) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,522 shares of the company’s stock after selling 1,670 shares during the period. Truist Financial Corp owned about 0.05% of LCI Industries worth $1,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of LCI Industries by 532.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock worth $46,000 after acquiring an additional 314 shares during the last quarter. LRI Investments LLC purchased a new stake in LCI Industries in the 1st quarter valued at about $46,000. Fidelis Capital Partners LLC purchased a new stake in LCI Industries in the 1st quarter valued at about $68,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in LCI Industries in the 2nd quarter valued at about $93,000. Finally, nVerses Capital LLC increased its stake in LCI Industries by 7.7% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LCII. Raymond James began coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial increased their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Stock Up 3.1 %

LCI Industries stock opened at $117.42 on Friday. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36. The firm has a 50 day moving average price of $116.10 and a 200-day moving average price of $111.10. The company has a market capitalization of $2.99 billion, a P/E ratio of 31.91 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.16 by $0.24. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. LCI Industries’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. As a group, equities analysts predict that LCI Industries will post 5.97 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

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.