Crossmark Global Holdings Inc. Takes Position in LCI Industries (NYSE:LCII)

Crossmark Global Holdings Inc. bought a new position in LCI Industries (NYSE:LCII) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,816 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LCII. UniSuper Management Pty Ltd bought a new position in shares of LCI Industries in the first quarter valued at $732,000. Comerica Bank raised its position in shares of LCI Industries by 24.1% during the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after purchasing an additional 6,174 shares during the period. Quadrature Capital Ltd boosted its position in shares of LCI Industries by 76.7% in the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock valued at $1,558,000 after purchasing an additional 5,500 shares during the period. Vanguard Group Inc. increased its stake in LCI Industries by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after purchasing an additional 15,670 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in LCI Industries during the 2nd quarter worth about $438,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LCII has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Truist Financial lifted their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $112.20.

LCI Industries Trading Down 0.3 %

LCI Industries stock opened at $114.36 on Tuesday. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.91 billion, a P/E ratio of 22.52 and a beta of 1.41. The company’s fifty day simple moving average is $116.95 and its 200-day simple moving average is $111.87.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million for 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%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. As a group, sell-side analysts forecast that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.15 dividend. The ex-dividend date is Friday, November 29th. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 4.02%. LCI Industries’s payout ratio is 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.