Stifel Financial Corp Sells 8,271 Shares of LCI Industries (NYSE:LCII)

Stifel Financial Corp lowered its holdings in shares of LCI Industries (NYSE:LCII) by 10.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 74,292 shares of the company’s stock after selling 8,271 shares during the period. Stifel Financial Corp owned about 0.29% of LCI Industries worth $7,681,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of LCI Industries by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after purchasing an additional 25,145 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of LCI Industries by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after purchasing an additional 11,286 shares during the last quarter. CIBC Asset Management Inc bought a new stake in LCI Industries in the 4th quarter worth $266,000. Smartleaf Asset Management LLC grew its holdings in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after acquiring an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after acquiring an additional 5,303 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

LCII has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $100.00 target price (down from $130.00) on shares of LCI Industries in a research report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and an average price target of $111.60.

LCI Industries Stock Performance

LCI Industries stock opened at $77.92 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $1.97 billion, a P/E ratio of 13.91 and a beta of 1.36. The stock’s 50 day moving average is $88.23 and its 200 day moving average is $103.07. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities research analysts predict that LCI Industries will post 6.76 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, March 21st. Investors of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.90%. LCI Industries’s payout ratio is currently 82.14%.

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.