International Assets Investment Management LLC Takes Position in LCI Industries (NYSE:LCII)

International Assets Investment Management LLC acquired a new stake in shares of LCI Industries (NYSE:LCII) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,256 shares of the company’s stock, valued at approximately $2,924,000. International Assets Investment Management LLC owned about 0.09% of LCI Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LCII. Eagle Bay Advisors LLC bought a new position in shares of LCI Industries during the second quarter valued at about $28,000. Covestor Ltd raised its stake in LCI Industries by 85.3% in the first quarter. Covestor Ltd now owns 417 shares of the company’s stock worth $43,000 after buying an additional 192 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in LCI Industries in the second quarter worth about $93,000. National Bank of Canada FI raised its stake in LCI Industries by 28.9% in the third quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after buying an additional 249 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in LCI Industries by 73.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,511 shares of the company’s stock worth $140,000 after buying an additional 639 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Price Performance

Shares of NYSE LCII opened at $104.19 on Friday. LCI Industries has a fifty-two week low of $102.39 and a fifty-two week high of $137.07. The company has a 50 day simple moving average of $117.11 and a two-hundred day simple moving average of $116.24. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 41.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The business had revenue of $837.54 million for the quarter, compared to the consensus estimate of $835.99 million. During the same period in the prior year, the business posted ($0.68) EPS. LCI Industries’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s payout ratio is 166.01%.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of research reports. BMO Capital Markets downgraded shares of LCI Industries from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $105.00 to $100.00 in a research note on Monday, January 22nd. Truist Financial reissued a “hold” rating and issued a $110.00 price target (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Robert W. Baird decreased their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Finally, Roth Mkm decreased their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, LCI Industries has an average rating of “Hold” and a consensus price target of $104.20.

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.