Argent Capital Management LLC Buys 863 Shares of LCI Industries (NYSE:LCII)

Argent Capital Management LLC grew its stake in LCI Industries (NYSE:LCII) by 38.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,092 shares of the company’s stock after acquiring an additional 863 shares during the period. Argent Capital Management LLC’s holdings in LCI Industries were worth $320,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royce & Associates LP raised its holdings in shares of LCI Industries by 22.5% in the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after acquiring an additional 68,682 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LCI Industries by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after purchasing an additional 62,354 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of LCI Industries by 6.1% in the 3rd 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 boosted its stake in shares of LCI Industries by 26.5% during the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after purchasing an additional 34,110 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in LCI Industries by 11.0% during the third quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock valued at $37,607,000 after buying an additional 31,376 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

LCI Industries Stock Up 1.8 %

Shares of LCII stock opened at $107.76 on Friday. The stock’s fifty day moving average price is $111.37 and its 200 day moving average price is $113.14. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 20.97 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share. On average, research analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $1.15 per share. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, November 29th. LCI Industries’s payout ratio is presently 89.49%.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of analyst reports. Truist Financial lowered their target price on LCI Industries from $108.00 to $102.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Sunday, January 12th. Finally, Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.00.

LCI Industries 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.