Keybank National Association OH Sells 467 Shares of LCI Industries $LCII

Keybank National Association OH decreased its stake in shares of LCI Industries (NYSE:LCII) by 13.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,920 shares of the company’s stock after selling 467 shares during the period. Keybank National Association OH’s holdings in LCI Industries were worth $266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in shares of LCI Industries in the first quarter worth about $28,000. Signaturefd LLC increased its holdings in shares of LCI Industries by 591.5% in the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after purchasing an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after purchasing an additional 439 shares in the last quarter. State of Wyoming bought a new position in LCI Industries in the 1st quarter worth approximately $46,000. Finally, Smartleaf Asset Management LLC raised its position in LCI Industries by 45.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LCII shares. Truist Financial increased their price objective on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Zacks Research raised LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday. Loop Capital began coverage on LCI Industries in a research report on Friday, October 31st. They issued a “buy” rating and a $116.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.67.

LCI Industries Trading Up 3.3%

NYSE LCII opened at $110.34 on Thursday. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The stock has a 50-day simple moving average of $96.36 and a 200 day simple moving average of $93.88. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $2.67 billion, a PE ratio of 18.42 and a beta of 1.34.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio is presently 64.34%.

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.