Vestmark Advisory Solutions Inc. Has $2.65 Million Stake in LCI Industries (NYSE:LCII)

Vestmark Advisory Solutions Inc. reduced its stake in LCI Industries (NYSE:LCII) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,095 shares of the company’s stock after selling 1,805 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.08% of LCI Industries worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LCII. Canada Pension Plan Investment Board acquired a new stake in shares of LCI Industries during the 3rd quarter worth $1,202,000. American Century Companies Inc. raised its position in LCI Industries by 20.3% during the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after purchasing an additional 50,470 shares in the last quarter. Deutsche Bank AG lifted its stake in LCI Industries by 9.1% during the third quarter. Deutsche Bank AG now owns 12,688 shares of the company’s stock worth $1,490,000 after purchasing an additional 1,062 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of LCI Industries in the 4th quarter valued at $2,924,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of LCI Industries by 11.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock valued at $2,451,000 after purchasing an additional 1,953 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LCII. Robert W. Baird dropped their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Roth Mkm reduced their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Finally, Truist Financial restated a “hold” rating and issued a $110.00 target price (down previously from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $104.20.

LCI Industries Trading Up 1.6 %

LCII traded up $1.70 during midday trading on Friday, hitting $106.84. 138,050 shares of the company were exchanged, compared to its average volume of 185,190. The firm’s 50 day moving average price is $113.98 and its 200-day moving average price is $115.57. LCI Industries has a 1-year low of $102.39 and a 1-year high of $137.07. The firm has a market capitalization of $2.72 billion, a P/E ratio of 42.23 and a beta of 1.41. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to analyst estimates of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. LCI Industries’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.68) earnings per share. As a group, equities analysts forecast that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Thursday, March 7th. LCI Industries’s dividend payout ratio is presently 166.01%.

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.