SageView Advisory Group LLC Invests $231,000 in LCI Industries (NYSE:LCII)

Posted by Defense World Staff on Jul 24th, 2023

SageView Advisory Group LLC purchased a new stake in shares of LCI Industries (NYSE:LCII – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,106 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in LCI Industries by 2.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,427 shares of the company’s stock valued at $355,000 after purchasing an additional 94 shares during the period. Allspring Global Investments Holdings LLC raised its stake in LCI Industries by 8.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,269 shares of the company’s stock worth $139,000 after buying an additional 97 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in LCI Industries by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 17,707 shares of the company’s stock worth $1,637,000 after buying an additional 99 shares during the period. The Manufacturers Life Insurance Company boosted its position in LCI Industries by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,961 shares of the company’s stock valued at $921,000 after acquiring an additional 147 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of LCI Industries by 0.5% during the 3rd quarter. Alliancebernstein L.P. now owns 36,783 shares of the company’s stock worth $3,732,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 99.73% of the company’s stock.

LCI Industries Trading Down 3.5 %

NYSE LCII opened at $128.91 on Monday. The stock’s fifty day moving average price is $120.52 and its 200-day moving average price is $113.85. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3.26 billion, a P/E ratio of 15.97 and a beta of 1.49. LCI Industries has a 12 month low of $89.28 and a 12 month high of $139.89.

LCI Industries (NYSE:LCII – Get Free Report) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.31. The company had revenue of $973.31 million for the quarter, compared to the consensus estimate of $866.61 million. LCI Industries had a net margin of 4.54% and a return on equity of 14.83%. LCI Industries’s revenue for the quarter was down 40.8% on a year-over-year basis. During the same period in the prior year, the firm posted $7.71 EPS. As a group, equities analysts forecast that LCI Industries will post 5.78 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $4.20 dividend on an annualized basis and a yield of 3.26%. LCI Industries’s payout ratio is currently 52.04%.

Analyst Ratings Changes

LCII has been the subject of a number of research analyst reports. StockNews.com initiated coverage on LCI Industries in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Truist Financial raised their price objective on LCI Industries from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, LCI Industries currently has an average rating of “Moderate Buy” and an average price target of $119.57.

LCI Industries Profile

(Free Report)

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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.