Inspire Advisors LLC Increases Stake in LCI Industries (NYSE:LCII)

Inspire Advisors LLC boosted its stake in LCI Industries (NYSE:LCII) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,907 shares of the company’s stock after purchasing an additional 206 shares during the period. Inspire Advisors LLC’s holdings in LCI Industries were worth $611,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its stake in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries during the third quarter valued at approximately $49,000. Blue Trust Inc. increased its stake in shares of LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after buying an additional 234 shares during the period. Finally, Aubrey Capital Management Ltd purchased a new position in shares of LCI Industries during the third quarter valued at approximately $208,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Trading Down 4.7 %

LCI Industries stock opened at $91.52 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The business’s fifty day simple moving average is $104.01 and its two-hundred day simple moving average is $111.70. LCI Industries has a 12 month low of $89.91 and a 12 month high of $129.38. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 16.34 and a beta of 1.45.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is 82.14%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LCII shares. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Wednesday, February 12th. Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.50.

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.