Barnett & Company Inc. Has $360,000 Stake in LCI Industries (NYSE:LCII)

Barnett & Company Inc. lowered its position in LCI Industries (NYSE:LCII) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,478 shares of the company’s stock after selling 250 shares during the period. Barnett & Company Inc.’s holdings in LCI Industries were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in shares of LCI Industries by 119.5% in the third quarter. Thrivent Financial for Lutherans now owns 46,377 shares of the company’s stock valued at $5,591,000 after buying an additional 25,250 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of LCI Industries during the third quarter worth $785,000. Intech Investment Management LLC boosted its holdings in LCI Industries by 133.7% in the third quarter. Intech Investment Management LLC now owns 9,889 shares of the company’s stock valued at $1,192,000 after acquiring an additional 5,657 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after purchasing an additional 29,192 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in LCI Industries by 10.4% during the 3rd quarter. Raymond James Trust N.A. now owns 3,812 shares of the company’s stock worth $459,000 after purchasing an additional 358 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Trading Down 1.0 %

Shares of NYSE:LCII opened at $87.98 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market capitalization of $2.24 billion, a P/E ratio of 15.71 and a beta of 1.45. LCI Industries has a 52-week low of $86.23 and a 52-week high of $129.38. The company has a 50-day simple moving average of $101.84 and a 200 day simple moving average of $110.05.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.23%. LCI Industries’s payout ratio is 82.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LCII shares. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Finally, Truist Financial upped their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

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.