State of Alaska Department of Revenue boosted its stake in LCI Industries (NYSE:LCII – Get Rating) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,216 shares of the company's stock after buying an additional 1,590 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of LCI Industries worth $2,149,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Okabena Investment Services Inc. acquired a new stake in LCI Industries in the 4th quarter valued at $29,000. HM Payson & Co. raised its position in LCI Industries by 869.6% in the 4th quarter. HM Payson & Co. now owns 223 shares of the company's stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Covestor Ltd raised its position in LCI Industries by 85.3% in the 1st quarter. Covestor Ltd now owns 417 shares of the company's stock valued at $43,000 after purchasing an additional 192 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in LCI Industries by 67.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 772 shares of the company's stock valued at $80,000 after purchasing an additional 311 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in LCI Industries in the 4th quarter valued at $88,000. Institutional investors and hedge funds own 99.97% of the company's stock.
Get LCI Industries alerts:Analysts Set New Price Targets
Several equities analysts have issued reports on LCII shares. Truist Financial cut their price objective on LCI Industries from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Friday. DA Davidson downgraded LCI Industries to a "neutral" rating in a research report on Tuesday, August 9th. Finally, StockNews.com downgraded LCI Industries from a "buy" rating to a "hold" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.50.
LCI Industries Trading Down 5.2 %
LCII stock opened at $102.80 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 5.28 and a beta of 1.47. LCI Industries has a twelve month low of $96.32 and a twelve month high of $163.33. The company has a quick ratio of 0.85, a current ratio of 2.66 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $123.96 and a 200-day moving average of $115.82.LCI Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.09%. LCI Industries's payout ratio is currently 21.56%.
LCI Industries Company 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.
Further Reading
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