Edge Capital Group LLC Takes $1.22 Million Position in LCI Industries (NYSE:LCII)

Edge Capital Group LLC purchased a new stake in LCI Industries (NYSE:LCII) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,761 shares of the company’s stock, valued at approximately $1,216,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its stake in LCI Industries by 110.8% in the third quarter. Creative Planning now owns 5,761 shares of the company’s stock valued at $694,000 after purchasing an additional 3,028 shares in the last quarter. Blue Trust Inc. increased its position in shares of LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after buying an additional 361 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of LCI Industries by 5,533.7% in the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock valued at $1,250,000 after buying an additional 10,182 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in LCI Industries by 26.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after buying an additional 34,110 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in LCI Industries by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 15,459 shares of the company’s stock worth $1,863,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Finally, Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.50.

LCI Industries Price Performance

NYSE:LCII opened at $106.26 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 18.98 and a beta of 1.44. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38. The firm’s 50-day simple moving average is $104.95 and its 200 day simple moving average is $112.74.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.33%. LCI Industries’s dividend payout ratio (DPR) is currently 82.14%.

About LCI Industries

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.