Thrivent Financial for Lutherans Sells 26,696 Shares of LCI Industries (NYSE:LCII)

Thrivent Financial for Lutherans lessened its holdings in LCI Industries (NYSE:LCII) by 57.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,681 shares of the company’s stock after selling 26,696 shares during the quarter. Thrivent Financial for Lutherans’ holdings in LCI Industries were worth $2,035,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in shares of LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock valued at $56,515,000 after acquiring an additional 172,586 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of LCI Industries by 29.2% during the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after purchasing an additional 80,784 shares in the last quarter. Principal Financial Group Inc. increased 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 last quarter. Franklin Resources Inc. raised its stake in LCI Industries by 11.0% in the third quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock valued at $37,607,000 after purchasing an additional 31,376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LCI Industries by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after purchasing an additional 29,192 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII stock opened at $87.36 on Friday. 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 $2.22 billion, a P/E ratio of 15.60 and a beta of 1.45. The firm’s fifty day moving average is $100.40 and its 200 day moving average is $109.31. LCI Industries has a 52 week low of $86.23 and a 52 week high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Research analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.27%. LCI Industries’s payout ratio is currently 82.14%.

Analysts Set New Price Targets

Several analysts have recently weighed in on LCII shares. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Wednesday, February 12th. Truist Financial raised their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.50.

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.