Amalgamated Bank decreased its position in LCI Industries (NYSE:LCII – Free Report) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,640 shares of the company’s stock after selling 715 shares during the period. Amalgamated Bank’s holdings in LCI Industries were worth $1,279,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. SageView Advisory Group LLC acquired a new position in shares of LCI Industries in the first quarter worth $231,000. CM Wealth Advisors LLC purchased a new stake in shares of LCI Industries during the first quarter worth about $633,000. Texas Permanent School Fund Corp raised its position in shares of LCI Industries by 33.4% in the first quarter. Texas Permanent School Fund Corp now owns 22,806 shares of the company’s stock valued at $2,506,000 after buying an additional 5,710 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of LCI Industries during the first quarter valued at approximately $244,000. Finally, SG Americas Securities LLC acquired a new stake in LCI Industries during the first quarter worth approximately $602,000. Hedge funds and other institutional investors own 99.73% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have weighed in on LCII. StockNews.com began coverage on LCI Industries in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Truist Financial raised their price target on LCI Industries from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, LCI Industries has a consensus rating of “Moderate Buy” and a consensus price target of $119.57.
LCI Industries Trading Down 0.7 %
LCI Industries (NYSE:LCII – Get Free Report) last posted its earnings results on Tuesday, May 9th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.31. The firm had revenue of $973.31 million during 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%. The company’s revenue was down 40.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.71 EPS. On average, equities research analysts forecast that LCI Industries will post 5.78 earnings per share for the current year.
LCI Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were given a dividend of $1.05 per share. The ex-dividend date was Thursday, June 1st. This represents a $4.20 dividend on an annualized basis and a yield of 3.10%. LCI Industries’s dividend payout ratio (DPR) is 52.04%.
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 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.
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