TD Private Client Wealth LLC Decreases Stake in LCI Industries (NYSE:LCII)

TD Private Client Wealth LLC lessened its stake in shares of LCI Industries (NYSE:LCII) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,099 shares of the company’s stock after selling 149 shares during the quarter. TD Private Client Wealth LLC’s holdings in LCI Industries were worth $424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in LCI Industries by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after buying an additional 25,145 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after purchasing an additional 11,286 shares during the period. CIBC Asset Management Inc bought a new stake in shares of LCI Industries in the fourth quarter worth about $266,000. Smartleaf Asset Management LLC increased its holdings in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares during the period. Finally, Congress Asset Management Co. raised its position in LCI Industries by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after purchasing an additional 5,303 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 2.6 %

Shares of NYSE:LCII opened at $90.44 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. LCI Industries has a 52-week low of $86.23 and a 52-week high of $129.38. The firm has a market capitalization of $2.30 billion, a P/E ratio of 16.15 and a beta of 1.45. The stock has a 50 day moving average price of $101.65 and a 200-day moving average price of $109.89.

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, topping analysts’ consensus estimates 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 research analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Wall Street Analyst Weigh In

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

About LCI Industries

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.