LCI Industries (NYSE:LCII) Shares Sold by Creative Planning

Creative Planning lessened its holdings in shares of LCI Industries (NYSE:LCII) by 53.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,733 shares of the company’s stock after selling 3,102 shares during the quarter. Creative Planning’s holdings in LCI Industries were worth $283,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. UniSuper Management Pty Ltd purchased a new position in shares of LCI Industries in the first quarter worth about $732,000. Comerica Bank lifted its stake in LCI Industries by 24.1% in the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after purchasing an additional 6,174 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in shares of LCI Industries by 76.7% during the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock worth $1,558,000 after purchasing an additional 5,500 shares during the last quarter. Vanguard Group Inc. grew its position in shares of LCI Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after purchasing an additional 15,670 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $438,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 0.3 %

Shares of LCII opened at $123.41 on Friday. The company’s 50-day moving average price is $117.23 and its 200 day moving average price is $111.17. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.14 billion, a P/E ratio of 33.54 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $1.31 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that LCI Industries will post 5.97 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is 114.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. 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 stock. According to data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and a consensus target price of $112.20.

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.