Strategic Financial Concepts LLC Acquires Shares of 28,329 LCI Industries (NYSE:LCII)

Strategic Financial Concepts LLC acquired a new stake in LCI Industries (NYSE:LCII) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 28,329 shares of the company’s stock, valued at approximately $28,000. Strategic Financial Concepts LLC owned 0.11% of LCI Industries as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in LCI Industries by 1,289.3% in the 3rd 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. Wilmington Savings Fund Society FSB bought a new stake in shares of LCI Industries during the 3rd quarter worth approximately $49,000. Aubrey Capital Management Ltd bought a new stake in shares of LCI Industries during the 3rd quarter worth approximately $208,000. Crossmark Global Holdings Inc. bought a new stake in shares of LCI Industries during the 3rd quarter worth approximately $219,000. Finally, MML Investors Services LLC bought a new stake in shares of LCI Industries during the 3rd quarter worth approximately $260,000. Institutional investors own 99.71% of the company’s stock.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by insiders.

LCI Industries Stock Down 1.9 %

LCI Industries stock opened at $105.05 on Friday. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 18.76 and a beta of 1.44. The firm’s fifty day moving average price is $105.06 and its two-hundred day moving average price is $112.78. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, equities research analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LCII. Truist Financial increased their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $121.50.

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.