LCI Industries (NYSE:LCII) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its holdings in LCI Industries (NYSE:LCII) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,713 shares of the company’s stock after selling 632 shares during the period. Wesbanco Bank Inc.’s holdings in LCI Industries were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LCII. Principal Financial Group Inc. lifted its stake in shares of LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of LCI Industries by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock valued at $74,882,000 after purchasing an additional 14,969 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of LCI Industries by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after purchasing an additional 1,688 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after purchasing an additional 29,192 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of LCI Industries by 22.5% in the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after purchasing an additional 68,682 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

LCI Industries Stock Performance

LCI Industries stock opened at $105.88 on Friday. The stock’s 50 day moving average price is $110.36 and its 200 day moving average price is $113.39. The firm has a market capitalization of $2.70 billion, a PE ratio of 20.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a one year low of $96.18 and a one year high of $129.38.

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

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 4.34%. LCI Industries’s payout ratio is currently 89.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LCII shares. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Sunday, January 12th. Finally, Truist Financial reduced their price target on LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, LCI Industries presently has an average rating of “Hold” and an average target price of $113.75.

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.