Raymond James & Associates Has $37.15 Million Stake in LCI Industries (NYSE:LCII)

Raymond James & Associates raised its stake in LCI Industries (NYSE:LCII) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 308,166 shares of the company’s stock after buying an additional 13,866 shares during the quarter. Raymond James & Associates owned 1.21% of LCI Industries worth $37,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LCII. Vanguard Group Inc. lifted its stake in LCI Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock valued at $350,129,000 after buying an additional 12,018 shares during the period. PNC Financial Services Group Inc. lifted its stake in LCI Industries by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after buying an additional 92 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of LCI Industries by 532.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock worth $46,000 after acquiring an additional 314 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of LCI Industries by 8.3% in the first quarter. Janney Montgomery Scott LLC now owns 15,367 shares of the company’s stock worth $1,891,000 after acquiring an additional 1,176 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of LCI Industries in the first quarter worth about $68,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LCII. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial increased their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $112.20.

LCI Industries Stock Down 1.7 %

Shares of LCI Industries stock opened at $115.96 on Wednesday. The business’s 50 day simple moving average is $117.46 and its 200 day simple moving average is $111.12. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The firm has a market cap of $2.95 billion, a PE ratio of 31.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $1.31 EPS. LCI Industries’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts predict that LCI Industries will post 5.97 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is 114.13%.

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.