Everence Capital Management Inc. Sells 2,410 Shares of LCI Industries (NYSE:LCII)

Everence Capital Management Inc. trimmed its holdings in shares of LCI Industries (NYSE:LCII) by 50.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,340 shares of the company’s stock after selling 2,410 shares during the quarter. Everence Capital Management Inc.’s holdings in LCI Industries were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LCII. Blue Trust Inc. grew its stake in LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries in the third quarter valued at $49,000. GAMMA Investing LLC increased its position in LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in LCI Industries by 99.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after purchasing an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in LCI Industries in the second quarter worth about $93,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Stock Down 0.1 %

NYSE:LCII opened at $102.25 on Thursday. The stock has a fifty day simple moving average of $113.02 and a 200-day simple moving average of $113.25. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 19.89 and a beta of 1.44. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 EPS. Analysts anticipate that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $1.15 per share. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 373,145 shares in the company, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LCII shares. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Saturday, January 4th. Finally, Truist Financial reduced their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.00.

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.