Zions Bancorporation N.A. Has $1.61 Million Stock Position in LCI Industries (NYSE:LCII)

Zions Bancorporation N.A. increased its position in shares of LCI Industries (NYSE:LCII) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,374 shares of the company’s stock after purchasing an additional 2,190 shares during the quarter. Zions Bancorporation N.A. owned approximately 0.05% of LCI Industries worth $1,612,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LCII. American Century Companies Inc. grew its stake in LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after buying an additional 97,877 shares in the last quarter. Dimensional Fund Advisors LP grew its position in LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the period. Principal Financial Group Inc. boosted its position in shares of LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after purchasing an additional 36,487 shares during the period. Conestoga Capital Advisors LLC increased its holdings in shares of LCI Industries by 26.5% in the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after purchasing an additional 34,110 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in LCI Industries in the second quarter worth about $2,454,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LCII. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial lifted their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Finally, Raymond James assumed coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $114.16 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The business has a fifty day simple moving average of $116.88 and a 200-day simple moving average of $111.69. The stock has a market cap of $2.91 billion, a PE ratio of 22.21 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. LCI Industries’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that LCI Industries will post 5.65 EPS for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 4.03%. LCI Industries’s payout ratio is 81.71%.

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.