Edge Capital Group LLC Purchases Shares of 11,761 LCI Industries (NYSE:LCII)

Edge Capital Group LLC purchased a new position in LCI Industries (NYSE:LCII) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,761 shares of the company’s stock, valued at approximately $1,216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of LCI Industries by 110.8% during the 3rd quarter. Creative Planning now owns 5,761 shares of the company’s stock worth $694,000 after acquiring an additional 3,028 shares during the period. Blue Trust Inc. lifted its stake in LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the period. International Assets Investment Management LLC lifted its stake in LCI Industries by 5,533.7% during the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after purchasing an additional 10,182 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in LCI Industries by 26.5% during the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after purchasing an additional 34,110 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of LCI Industries by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,459 shares of the company’s stock valued at $1,863,000 after purchasing an additional 258 shares during the period. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII opened at $106.26 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market capitalization of $2.71 billion, a P/E ratio of 18.98 and a beta of 1.44. The company’s 50 day simple moving average is $104.95 and its 200-day simple moving average is $112.74. LCI Industries has a one year low of $96.18 and a one year high of $129.38.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share 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. Investors of record on Friday, March 7th will be paid 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 dividend payout ratio (DPR) is 82.14%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LCII. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Finally, Truist Financial increased their target price on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.50.

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.