Zions Bancorporation N.A. Purchases 2,886 Shares of LCI Industries (NYSE:LCII)

Zions Bancorporation N.A. boosted its position in shares of LCI Industries (NYSE:LCII) by 21.6% in the fourth quarter, Holdings Channel reports. The fund owned 16,260 shares of the company’s stock after acquiring an additional 2,886 shares during the period. Zions Bancorporation N.A.’s holdings in LCI Industries were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after purchasing an additional 56,794 shares during the last quarter. Principal Financial Group Inc. lifted 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 buying an additional 11,286 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of LCI Industries by 2.4% in the fourth 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 period. Geode Capital Management LLC boosted its position in shares of LCI Industries by 0.3% in the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after acquiring an additional 1,688 shares during the period. Finally, Royce & Associates LP increased its position in LCI Industries by 46.1% during the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after acquiring an additional 172,586 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LCII has been the topic of several research analyst reports. 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 research report on Wednesday, February 12th. Truist Financial lifted their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.50.

LCI Industries Stock Performance

NYSE LCII opened at $89.99 on Wednesday. LCI Industries has a twelve month low of $86.23 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 stock has a market cap of $2.29 billion, a P/E ratio of 16.07 and a beta of 1.45. The company’s 50-day simple moving average is $101.41 and its 200 day simple moving average is $109.74.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating 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, research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.11%. LCI Industries’s payout ratio is presently 82.14%.

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.