TD Asset Management Inc Sells 102 Shares of LCI Industries (NYSE:LCII)

TD Asset Management Inc trimmed its holdings in LCI Industries (NYSE:LCII) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,840 shares of the company’s stock after selling 102 shares during the quarter. TD Asset Management Inc’s holdings in LCI Industries were worth $707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in LCI Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after acquiring an additional 15,670 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LCI Industries by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,049,513 shares of the company’s stock valued at $131,940,000 after purchasing an additional 4,161 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of LCI Industries by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 609,232 shares of the company’s stock valued at $74,972,000 after purchasing an additional 10,539 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in LCI Industries by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 344,869 shares of the company’s stock valued at $43,353,000 after buying an additional 3,242 shares during the period. Finally, Norges Bank purchased a new stake in LCI Industries during the 4th quarter valued at $33,784,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, LCI Industries currently has an average rating of “Hold” and an average price target of $109.00.

LCI Industries Trading Up 3.8 %

LCII opened at $117.65 on Monday. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $112.52 and its two-hundred day moving average is $110.69. The company has a market capitalization of $2.99 billion, a P/E ratio of 31.97 and a beta of 1.41. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts forecast that LCI Industries will post 6 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.57%. LCI Industries’s payout ratio is 114.13%.

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.