Swiss National Bank Boosts Position in LCI Industries (NYSE:LCII)

Swiss National Bank increased its holdings in LCI Industries (NYSE:LCII) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,100 shares of the company’s stock after acquiring an additional 400 shares during the period. Swiss National Bank’s holdings in LCI Industries were worth $5,180,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC lifted its position in shares of LCI Industries by 2.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after purchasing an additional 143 shares during the period. Keybank National Association OH raised its stake in LCI Industries by 7.1% in the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock worth $315,000 after buying an additional 202 shares in the last quarter. Inspire Advisors LLC lifted its holdings in LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after buying an additional 206 shares during the period. Tidal Investments LLC boosted its position in LCI Industries by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock valued at $1,133,000 after acquiring an additional 223 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

LCII has been the subject of a number of research analyst reports. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.50.

LCI Industries Stock Performance

LCI Industries stock opened at $90.44 on Tuesday. LCI Industries has a twelve month low of $86.23 and a twelve month high of $129.38. 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 $2.30 billion, a P/E ratio of 16.15 and a beta of 1.45. The stock’s 50 day moving average is $101.65 and its 200 day moving average is $109.89.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.09%. LCI Industries’s dividend payout ratio is currently 82.14%.

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.