Vestmark Advisory Solutions Inc. Sells 1,805 Shares of LCI Industries (NYSE:LCII)

Vestmark Advisory Solutions Inc. reduced its stake in LCI Industries (NYSE:LCII) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,095 shares of the company’s stock after selling 1,805 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in LCI Industries were worth $2,652,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LCII. Victory Capital Management Inc. increased its stake in shares of LCI Industries by 2.7% in the 4th quarter. Victory Capital Management Inc. now owns 586,424 shares of the company’s stock worth $73,719,000 after acquiring an additional 15,212 shares in the last quarter. Semanteon Capital Management LP bought a new position in shares of LCI Industries during the fourth quarter valued at approximately $343,000. State of New Jersey Common Pension Fund D increased its stake in shares of LCI Industries by 15.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 22,666 shares of the company’s stock valued at $2,849,000 after purchasing an additional 3,028 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of LCI Industries during the fourth quarter valued at approximately $81,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of LCI Industries in the 4th quarter worth approximately $1,597,000. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial restated a “hold” rating and set a $110.00 price target (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $105.00 to $100.00 in a research note on Monday, January 22nd. Roth Mkm dropped their target price on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Finally, Robert W. Baird reduced their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.20.

LCI Industries Stock Performance

Shares of NYSE LCII traded up $1.70 during midday trading on Friday, hitting $106.84. 138,050 shares of the stock traded hands, compared to its average volume of 185,190. The firm has a market capitalization of $2.72 billion, a P/E ratio of 42.23 and a beta of 1.41. LCI Industries has a one year low of $102.39 and a one year high of $137.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. The firm has a 50-day moving average of $113.98 and a two-hundred day moving average of $115.57.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same period in the previous year, the business posted ($0.68) earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts forecast that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a yield of 3.93%. LCI Industries’s dividend payout ratio is currently 166.01%.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.