Parkside Financial Bank & Trust Has $60,000 Stake in LCI Industries (NYSE:LCII)

Parkside Financial Bank & Trust trimmed its position in shares of LCI Industries (NYSE:LCII) by 30.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 479 shares of the company’s stock after selling 207 shares during the period. Parkside Financial Bank & Trust’s holdings in LCI Industries were worth $60,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of LCI Industries in the 3rd quarter valued at approximately $1,202,000. American Century Companies Inc. boosted its stake in shares of LCI Industries by 20.3% in the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after purchasing an additional 50,470 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of LCI Industries by 9.1% in the 3rd quarter. Deutsche Bank AG now owns 12,688 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,062 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of LCI Industries in the 4th quarter valued at approximately $2,924,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of LCI Industries by 11.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock valued at $2,451,000 after purchasing an additional 1,953 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Up 0.5 %

Shares of NYSE LCII opened at $107.29 on Friday. The company has a 50 day simple moving average of $115.62 and a 200 day simple moving average of $115.90. The firm has a market cap of $2.73 billion, a PE ratio of 42.41 and a beta of 1.40. LCI Industries has a 1 year low of $102.39 and a 1 year high of $137.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm had revenue of $837.54 million for the quarter, compared to the consensus estimate of $835.99 million. During the same quarter in the previous year, the business posted ($0.68) EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts forecast that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 3.91%. LCI Industries’s payout ratio is 166.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Roth Mkm reduced their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. BMO Capital Markets downgraded shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $105.00 to $100.00 in a research note on Monday, January 22nd. Truist Financial reiterated a “hold” rating and issued a $110.00 price objective (down previously from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Finally, Robert W. Baird dropped their price objective on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.