Crossmark Global Holdings Inc. Takes $219,000 Position in LCI Industries (NYSE:LCII)

Crossmark Global Holdings Inc. purchased a new position in LCI Industries (NYSE:LCII) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,816 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of LCI Industries in the 1st quarter worth about $184,000. Sei Investments Co. lifted its holdings in LCI Industries by 25.6% during the 1st quarter. Sei Investments Co. now owns 32,868 shares of the company’s stock worth $4,045,000 after buying an additional 6,703 shares during the last quarter. ProShare Advisors LLC grew its position in shares of LCI Industries by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,997 shares of the company’s stock worth $615,000 after acquiring an additional 344 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of LCI Industries by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after acquiring an additional 15,670 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of LCI Industries during the 1st quarter valued at approximately $457,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on LCII. Truist Financial boosted their target price 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. Raymond James assumed coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. StockNews.com downgraded 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 set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, LCI Industries presently has an average rating of “Hold” and an average target price of $112.20.

LCI Industries Price Performance

NYSE LCII opened at $114.36 on Tuesday. The company has a 50-day moving average price of $116.95 and a two-hundred day moving average price of $111.87. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 22.52 and a beta of 1.41. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. During the same period last year, the firm earned $1.02 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Analysts forecast that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 4.02%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio is presently 81.71%.

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.