LCI Industries (NYSE:LCII) Stock Holdings Lessened by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its stake in shares of LCI Industries (NYSE:LCII) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 83,632 shares of the company’s stock after selling 940 shares during the quarter. Glenmede Trust Co. NA’s holdings in LCI Industries were worth $10,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LCII. Dynamic Technology Lab Private Ltd acquired a new position in shares of LCI Industries in the 3rd quarter valued at $756,000. Raymond James Trust N.A. boosted its holdings in shares of LCI Industries by 10.4% in the third quarter. Raymond James Trust N.A. now owns 3,812 shares of the company’s stock worth $459,000 after buying an additional 358 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 29,192 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of LCI Industries by 133.7% during 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of LCI Industries in the 3rd quarter valued at approximately $785,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LCII has been the topic of several research analyst reports. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Truist Financial lifted their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, Raymond James began coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $112.20.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

LCI Industries Trading Down 0.4 %

NYSE LCII opened at $120.81 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The firm’s fifty day simple moving average is $117.60 and its 200-day simple moving average is $112.54. The company has a market capitalization of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is presently 81.71%.

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.