Pacer Advisors Inc. Has $140.42 Million Stock Position in LCI Industries (NYSE:LCII)

Pacer Advisors Inc. lowered its holdings in shares of LCI Industries (NYSE:LCII) by 14.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,164,911 shares of the company’s stock after selling 197,705 shares during the period. Pacer Advisors Inc.’s holdings in LCI Industries were worth $140,418,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares in the last quarter. LRI Investments LLC bought a new stake in shares of LCI Industries during the 1st quarter valued at about $46,000. GAMMA Investing LLC raised its stake in LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after buying an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after buying an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of LCI Industries in the second quarter worth approximately $93,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Truist Financial raised their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Raymond James started coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Stock Performance

LCI Industries stock opened at $115.62 on Thursday. The stock’s 50 day simple moving average is $117.09 and its two-hundred day simple moving average is $111.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 22.49 and a beta of 1.41. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping 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 analysts’ expectations of $922.85 million. During the same period in the previous year, the firm posted $1.02 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.15 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, November 29th. LCI Industries’s payout ratio 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.