Natixis Advisors L.P. Decreases Stake in LCI Industries (LCII)

Natixis Advisors L.P. decreased its position in LCI Industries (NYSE:LCII) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,316 shares of the company’s stock after selling 8,821 shares during the quarter. Natixis Advisors L.P. owned about 0.07% of LCI Industries worth $1,157,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Comerica Bank grew its position in LCI Industries by 0.6% during the fourth quarter. Comerica Bank now owns 24,611 shares of the company’s stock worth $2,005,000 after buying an additional 144 shares in the last quarter. Parkside Financial Bank & Trust grew its position in LCI Industries by 39.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock worth $36,000 after buying an additional 154 shares in the last quarter. Piedmont Investment Advisors Inc. grew its position in LCI Industries by 3.2% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 5,987 shares of the company’s stock worth $400,000 after buying an additional 187 shares in the last quarter. First Hawaiian Bank grew its position in LCI Industries by 10.1% during the fourth quarter. First Hawaiian Bank now owns 2,840 shares of the company’s stock worth $189,000 after buying an additional 260 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in LCI Industries by 1.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 21,220 shares of the company’s stock worth $1,417,000 after buying an additional 325 shares in the last quarter. 97.27% of the stock is currently owned by institutional investors.

NYSE LCII opened at $73.70 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.97 and a quick ratio of 1.05. LCI Industries has a fifty-two week low of $59.68 and a fifty-two week high of $105.45. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 12.58 and a beta of 1.39.



LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Thursday, February 7th. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.15). LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The firm had revenue of $536.62 million during the quarter, compared to the consensus estimate of $549.39 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that LCI Industries will post 5.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s payout ratio is 40.96%.

In related news, insider Nick C. Fletcher sold 1,688 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total value of $134,314.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Separately, Sidoti cut their target price on LCI Industries from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, November 30th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $103.25.

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LCI Industries Company Profile

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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