Sanctuary Advisors LLC Reduces Holdings in LCI Industries (NYSE:LCII)

Sanctuary Advisors LLC lowered its stake in shares of LCI Industries (NYSE:LCII) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,551 shares of the company’s stock after selling 120 shares during the quarter. Sanctuary Advisors LLC owned about 0.06% of LCI Industries worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of LCII. Principal Financial Group Inc. boosted its position in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after purchasing an additional 11,286 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in LCI Industries by 13.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 18,425 shares of the company’s stock valued at $1,905,000 after buying an additional 2,174 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of LCI Industries during the 4th quarter valued at $28,000. Congress Asset Management Co. grew its position in shares of LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after buying an additional 5,303 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of LCI Industries by 3.1% in the 4th quarter. Rhumbline Advisers now owns 74,955 shares of the company’s stock worth $7,750,000 after acquiring an additional 2,236 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

LCII has been the topic of several research reports. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Truist Financial boosted their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.50.

LCI Industries Stock Up 0.9 %

Shares of LCI Industries stock opened at $106.26 on Tuesday. The company has a 50-day simple moving average of $104.95 and a two-hundred day simple moving average of $112.74. The stock has a market capitalization of $2.71 billion, a PE ratio of 18.98 and a beta of 1.44. LCI Industries has a 52-week low of $96.18 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

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.