Great West Life Assurance Co. Can lifted its stake in LCI Industries (NYSE:LCII) by 2.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,499 shares of the company’s stock after purchasing an additional 848 shares during the quarter. Great West Life Assurance Co. Can owned 0.14% of LCI Industries worth $2,648,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Brinker Capital Inc. acquired a new stake in LCI Industries during the 4th quarter worth about $266,000. Victory Capital Management Inc. raised its stake in shares of LCI Industries by 9.1% during the 4th quarter. Victory Capital Management Inc. now owns 8,838 shares of the company’s stock worth $590,000 after purchasing an additional 737 shares in the last quarter. Boston Partners raised its stake in shares of LCI Industries by 23.4% during the 4th quarter. Boston Partners now owns 649,830 shares of the company’s stock worth $43,409,000 after purchasing an additional 123,129 shares in the last quarter. Royce & Associates LP raised its stake in shares of LCI Industries by 115.4% during the 4th quarter. Royce & Associates LP now owns 804,398 shares of the company’s stock worth $53,734,000 after purchasing an additional 430,869 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of LCI Industries by 357.7% during the 4th quarter. First Trust Advisors LP now owns 26,028 shares of the company’s stock worth $1,739,000 after purchasing an additional 20,341 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.
Shares of LCII stock traded down $0.12 during trading on Friday, reaching $90.00. The company had a trading volume of 291,383 shares, compared to its average volume of 201,566. The stock has a 50 day moving average price of $88.61. The company has a quick ratio of 1.06, a current ratio of 2.57 and a debt-to-equity ratio of 0.47. LCI Industries has a one year low of $59.68 and a one year high of $102.22. The firm has a market cap of $2.22 billion, a P/E ratio of 15.36, a PEG ratio of 0.97 and a beta of 1.40.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from LCI Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, June 6th. LCI Industries’s dividend payout ratio (DPR) is presently 44.37%.
LCII has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on LCI Industries in a research note on Thursday, March 28th. They set a “buy” rating and a $86.00 price target for the company. Zacks Investment Research raised LCI Industries from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Friday, May 10th. ValuEngine raised LCI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Northcoast Research initiated coverage on LCI Industries in a research note on Friday, June 14th. They set a “neutral” rating for the company. Finally, CL King downgraded LCI Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. LCI Industries has a consensus rating of “Buy” and an average price target of $102.00.
LCI Industries Profile
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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