LCI Industries (NYSE:LCII) Shares Sold by Congress Asset Management Co. MA

Congress Asset Management Co. MA cut its stake in LCI Industries (NYSE:LCII) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,206 shares of the company’s stock after selling 494 shares during the period. Congress Asset Management Co. MA’s holdings in LCI Industries were worth $6,794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LCII. Pacer Advisors Inc. increased its stake in LCI Industries by 70.9% during the fourth quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after purchasing an additional 342,165 shares during the last quarter. FMR LLC increased its stake in LCI Industries by 35.1% during the third quarter. FMR LLC now owns 1,231,852 shares of the company’s stock valued at $144,644,000 after purchasing an additional 320,243 shares during the last quarter. Norges Bank bought a new stake in LCI Industries during the fourth quarter valued at $33,784,000. American Century Companies Inc. grew its position in shares of LCI Industries by 20.3% during the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock worth $35,068,000 after acquiring an additional 50,470 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of LCI Industries during the fourth quarter worth about $2,924,000. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Stock Performance

Shares of LCI Industries stock traded up $0.06 during trading on Friday, hitting $100.59. 804,825 shares of the stock were exchanged, compared to its average volume of 167,953. The stock’s fifty day moving average is $106.99 and its 200 day moving average is $114.64. The stock has a market cap of $2.56 billion, a PE ratio of 27.33 and a beta of 1.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 2.86. LCI Industries has a 12 month low of $98.92 and a 12 month high of $137.07.

LCI Industries (NYSE:LCII) last announced its earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.90. The firm had revenue of $968.00 million during the quarter, compared to analyst estimates of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. LCI Industries’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, sell-side analysts anticipate that LCI Industries will post 6.31 EPS for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a yield of 4.18%. LCI Industries’s dividend payout ratio is presently 114.13%.

Analyst Ratings Changes

Separately, Roth Mkm upped their price target on shares of LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average target price of $104.80.

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.