FORA Capital LLC Cuts Stake in LCI Industries (NYSE:LCII)

FORA Capital LLC trimmed its position in shares of LCI Industries (NYSE:LCII) by 50.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,168 shares of the company’s stock after selling 2,234 shares during the quarter. FORA Capital LLC’s holdings in LCI Industries were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LCII. B. Riley Wealth Advisors Inc. purchased a new stake in LCI Industries during the 1st quarter valued at about $204,000. Tidal Investments LLC grew its position in LCI Industries by 11.5% during the 1st quarter. Tidal Investments LLC now owns 3,929 shares of the company’s stock valued at $484,000 after purchasing an additional 405 shares during the last quarter. Comerica Bank grew its position in LCI Industries by 24.1% during the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock valued at $3,911,000 after purchasing an additional 6,174 shares during the last quarter. LRI Investments LLC purchased a new stake in LCI Industries during the 1st quarter valued at about $46,000. Finally, HM Payson & Co. grew its position in LCI Industries by 6.4% during the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LCII has been the topic of several research analyst reports. Truist Financial upped their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and an average target price of $112.20.

LCI Industries Stock Down 0.4 %

LCII opened at $120.81 on Friday. The firm’s 50 day simple moving average is $117.60 and its two-hundred day simple moving average is $112.54. The company has a market capitalization of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

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

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.81%. LCI Industries’s payout ratio is 81.71%.

Insider Activity at LCI Industries

In related 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 transaction of $1,260,000.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

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.