Hantz Financial Services Inc. Has $747,000 Position in LCI Industries (NYSE:LCII)

Hantz Financial Services Inc. grew its position in LCI Industries (NYSE:LCII) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,193 shares of the company’s stock after acquiring an additional 983 shares during the period. Hantz Financial Services Inc.’s holdings in LCI Industries were worth $747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Bank lifted its holdings in LCI Industries by 24.1% during the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock valued at $3,911,000 after purchasing an additional 6,174 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of LCI Industries in the second quarter valued at about $438,000. Cornercap Investment Counsel Inc. bought a new position in shares of LCI Industries in the second quarter valued at about $529,000. International Assets Investment Management LLC lifted its stake in shares of LCI Industries by 5,533.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after buying an additional 10,182 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LCII shares. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Benchmark reissued a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial boosted their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Raymond James began coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Price Performance

Shares of NYSE LCII opened at $120.81 on Monday. The business has a fifty day moving average price of $117.60 and a two-hundred day moving average price of $112.52. The stock has a market capitalization of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. As a group, equities analysts predict that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.15 per share. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 3.81%. LCI Industries’s dividend payout ratio (DPR) is currently 81.71%.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by insiders.

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.