Prudential Financial Inc. Decreases Holdings in LCI Industries (NYSE:LCII)

Prudential Financial Inc. trimmed its stake in LCI Industries (NYSE:LCII) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,815 shares of the company’s stock after selling 1,622 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of LCI Industries worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LCII. Charles Schwab Investment Management Inc. raised its holdings in shares of LCI Industries by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock worth $45,122,000 after purchasing an additional 25,145 shares during the period. Principal Financial Group Inc. lifted its position 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 buying an additional 11,286 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of LCI Industries during the 4th quarter worth $266,000. Smartleaf Asset Management LLC increased 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. increased 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. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LCII shares. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Monday. CJS Securities upgraded 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. Finally, Truist Financial boosted their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $121.50.

LCI Industries Trading Up 2.1 %

Shares of LCI Industries stock opened at $89.74 on Thursday. The company’s 50-day moving average price is $99.27 and its 200-day moving average price is $108.77. 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 has a 12-month low of $85.69 and a 12-month high of $129.38. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 16.03 and a beta of 1.45.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s payout ratio is 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.