Parkside Financial Bank & Trust Sells 207 Shares of LCI Industries (NYSE:LCII)

Parkside Financial Bank & Trust decreased its holdings in shares of LCI Industries (NYSE:LCII) by 30.2% in the 4th quarter, Holdings Channel reports. The firm owned 479 shares of the company’s stock after selling 207 shares during the period. Parkside Financial Bank & Trust’s holdings in LCI Industries were worth $60,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LCII. National Bank of Canada FI grew its holdings in shares of LCI Industries by 28.9% during the third quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after purchasing an additional 249 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of LCI Industries during the third quarter worth about $1,517,000. DAVENPORT & Co LLC grew its holdings in shares of LCI Industries by 3.5% during the third quarter. DAVENPORT & Co LLC now owns 4,044 shares of the company’s stock worth $475,000 after purchasing an additional 138 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in LCI Industries by 37.9% in the third quarter. Handelsbanken Fonder AB now owns 5,181 shares of the company’s stock worth $608,000 after buying an additional 1,423 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in LCI Industries by 2.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,256 shares of the company’s stock worth $1,204,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

NYSE:LCII opened at $107.29 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of 42.41 and a beta of 1.40. LCI Industries has a fifty-two week low of $102.39 and a fifty-two week high of $137.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. The business has a 50 day moving average price of $115.62 and a 200-day moving average price of $115.90.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million for the quarter, compared to analysts’ expectations of $835.99 million. LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company posted ($0.68) EPS. Equities research analysts predict that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.91%. LCI Industries’s dividend payout ratio is presently 166.01%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LCII shares. Roth Mkm cut their target price on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Truist Financial reaffirmed a “hold” rating and issued a $110.00 target price (down previously from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. BMO Capital Markets lowered LCI Industries from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $105.00 to $100.00 in a research note on Monday, January 22nd. Finally, Robert W. Baird cut their target price on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $104.20.

LCI Industries 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.