Congress Wealth Management LLC DE Sells 12,424 Shares of LCI Industries (NYSE:LCII)

Congress Wealth Management LLC DE reduced its stake in LCI Industries (NYSE:LCII) by 56.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,484 shares of the company’s stock after selling 12,424 shares during the period. Congress Wealth Management LLC DE’s holdings in LCI Industries were worth $981,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. SkyView Investment Advisors LLC grew its holdings in shares of LCI Industries by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after purchasing an additional 143 shares in the last quarter. Keybank National Association OH lifted its position in LCI Industries by 7.1% during the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock valued at $315,000 after purchasing an additional 202 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after buying an additional 206 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of LCI Industries by 2.4% in the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after buying an additional 223 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

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

LCI Industries Trading Up 0.3 %

Shares of NYSE LCII opened at $91.33 on Friday. LCI Industries has a fifty-two week low of $86.23 and a fifty-two week high of $129.38. 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 cap of $2.33 billion, a price-to-earnings ratio of 16.31 and a beta of 1.45. The business’s 50 day moving average price is $100.79 and its 200-day moving average price is $109.48.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. On average, sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a yield of 5.04%. LCI Industries’s payout ratio is 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.