Impact Capital Partners LLC Buys New Shares in LCI Industries (NYSE:LCII)

Impact Capital Partners LLC bought a new stake in shares of LCI Industries (NYSE:LCII) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,565 shares of the company’s stock, valued at approximately $369,000.

A number of other large investors also recently modified their holdings of LCII. Swiss National Bank increased its holdings in LCI Industries by 0.8% in the 4th quarter. Swiss National Bank now owns 50,100 shares of the company’s stock valued at $5,180,000 after acquiring an additional 400 shares during the last quarter. Inspire Advisors LLC increased its holdings in LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock valued at $611,000 after acquiring an additional 206 shares during the last quarter. AlphaQuest LLC increased its holdings in LCI Industries by 58.9% in the 4th quarter. AlphaQuest LLC now owns 3,447 shares of the company’s stock valued at $356,000 after acquiring an additional 1,278 shares during the last quarter. Amundi increased its holdings in LCI Industries by 177.3% in the 4th quarter. Amundi now owns 13,380 shares of the company’s stock valued at $1,369,000 after acquiring an additional 8,555 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in LCI Industries by 2.4% in the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock valued at $65,784,000 after acquiring an additional 15,057 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LCII shares. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a 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 boosted their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.50.

LCI Industries Stock Performance

LCI Industries stock opened at $87.58 on Friday. The company’s 50-day moving average price is $103.48 and its 200-day moving average price is $111.39. LCI Industries has a twelve month low of $86.56 and a twelve month high of $129.38. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.23 billion, a PE ratio of 15.64 and a beta of 1.45.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, equities research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.25%. LCI Industries’s payout ratio is 82.14%.

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.