Royce & Associates LP Buys 172,586 Shares of LCI Industries (NYSE:LCII)

Royce & Associates LP boosted its stake in shares of LCI Industries (NYSE:LCII) by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 546,623 shares of the company’s stock after buying an additional 172,586 shares during the quarter. Royce & Associates LP owned approximately 2.15% of LCI Industries worth $56,515,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LCII. Strategic Financial Concepts LLC bought a new position in LCI Industries during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC boosted its position in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. Wilmington Savings Fund Society FSB bought a new position in LCI Industries during the third quarter worth about $49,000. Blue Trust Inc. boosted its position in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in LCI Industries during the third quarter worth about $219,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LCII. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Wednesday, February 12th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Truist Financial increased their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.50.

LCI Industries Trading Up 2.4 %

Shares of LCII opened at $89.66 on Friday. The firm’s 50 day simple moving average is $103.19 and its 200 day simple moving average is $111.10. The company has a market capitalization of $2.28 billion, a P/E ratio of 16.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1-year low of $86.56 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

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.