Amalgamated Bank trimmed its position in shares of LCI Industries (NYSE:LCII – Get Rating) by 5.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,251 shares of the company's stock after selling 681 shares during the quarter. Amalgamated Bank's holdings in LCI Industries were worth $1,272,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Gradient Investments LLC raised its position in shares of LCI Industries by 22.2% during the first quarter. Gradient Investments LLC now owns 61,105 shares of the company's stock worth $6,343,000 after purchasing an additional 11,116 shares during the period. Virtu Financial LLC acquired a new position in shares of LCI Industries during the first quarter worth approximately $360,000. Royal Bank of Canada raised its position in shares of LCI Industries by 5.6% during the first quarter. Royal Bank of Canada now owns 278,272 shares of the company's stock worth $28,887,000 after purchasing an additional 14,730 shares during the period. Dynamic Technology Lab Private Ltd raised its position in LCI Industries by 525.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,750 shares of the company's stock valued at $2,050,000 after buying an additional 16,591 shares during the last quarter. Finally, Eaton Vance Management raised its position in LCI Industries by 1.9% in the 1st quarter. Eaton Vance Management now owns 9,900 shares of the company's stock valued at $1,027,000 after buying an additional 181 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of research firms recently commented on LCII. StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Thursday, September 22nd. DA Davidson lowered LCI Industries to a "neutral" rating in a research report on Tuesday, August 9th. Finally, Truist Financial lowered their price target on LCI Industries from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, September 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.50.
LCI Industries Stock Up 2.3 %
Shares of NYSE:LCII opened at $102.84 on Wednesday. The company has a market capitalization of $2.62 billion, a PE ratio of 5.28 and a beta of 1.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.66 and a quick ratio of 0.85. The business has a fifty day moving average price of $123.55 and a two-hundred day moving average price of $115.68. LCI Industries has a 1 year low of $96.32 and a 1 year high of $163.33.
LCI Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $4.20 dividend on an annualized basis and a yield of 4.08%. LCI Industries's dividend payout ratio (DPR) is presently 21.56%.
LCI Industries Profile
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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; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.
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