Amundi Boosts Stock Holdings in LCI Industries (NYSE:LCII)

Amundi raised its holdings in LCI Industries (NYSE:LCII) by 177.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,380 shares of the company’s stock after purchasing an additional 8,555 shares during the quarter. Amundi’s holdings in LCI Industries were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after acquiring an additional 11,286 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of LCI Industries by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock worth $65,784,000 after purchasing an additional 15,057 shares during the period. Geode Capital Management LLC increased its holdings in shares of LCI Industries by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after purchasing an additional 1,688 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after purchasing an additional 25,145 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in LCI Industries by 29.2% during the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after buying an additional 80,784 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Down 1.7 %

Shares of NYSE:LCII opened at $88.19 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 15.75 and a beta of 1.45. The stock’s 50-day moving average price is $102.60 and its two-hundred day moving average price is $110.64. LCI Industries has a 12-month low of $86.56 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII) last released 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, research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, March 7th. LCI Industries’s dividend payout ratio is currently 82.14%.

Analyst Upgrades and Downgrades

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

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.