MML Investors Services LLC Acquires New Holdings in LCI Industries (NYSE:LCII)

MML Investors Services LLC bought a new position in LCI Industries (NYSE:LCII) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,158 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LCII. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 361 shares during the period. GAMMA Investing LLC increased its stake in LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after buying an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LCI Industries in the 2nd quarter worth approximately $93,000. Finally, nVerses Capital LLC lifted its stake in shares of LCI Industries by 7.7% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after acquiring an additional 100 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

LCII has been the topic of several recent analyst reports. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial boosted their price objective on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $112.20.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $103.66 on Thursday. The company has a market capitalization of $2.64 billion, a PE ratio of 20.17 and a beta of 1.41. 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 fifty day moving average of $115.84 and a 200-day moving average of $113.15. LCI Industries has a one year low of $96.18 and a one year high of $131.36.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 earnings per share. As a group, equities analysts anticipate that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.44%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Insider Transactions 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 value of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $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 available at this link. 3.50% of the stock is currently owned by insiders.

About LCI Industries

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.