LCI Industries (NYSE:LCII) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its position in LCI Industries (NYSE:LCII) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 100,595 shares of the company’s stock after selling 1,624 shares during the period. Rice Hall James & Associates LLC’s holdings in LCI Industries were worth $12,126,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LCII. LRI Investments LLC purchased a new position in shares of LCI Industries during the 1st quarter worth $46,000. Blue Trust Inc. increased its stake in shares of LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the last quarter. GAMMA Investing LLC grew its stake in LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 272 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in LCI Industries in the first quarter valued at about $68,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after acquiring an additional 370 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LCII has been the topic of several research reports. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Raymond James started 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 cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Truist Financial increased their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $111.28 on Friday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 23.33 and a beta of 1.41. The business has a fifty day simple moving average of $117.52 and a 200 day simple moving average of $111.16. LCI Industries has a 1 year low of $96.18 and a 1 year 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.

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

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $1.05 per share. The ex-dividend date was Friday, August 30th. This represents a $4.20 annualized dividend and a yield of 3.77%. LCI Industries’s dividend payout ratio is 88.05%.

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.