Amalgamated Bank Sells 111 Shares of LCI Industries (NYSE:LCII)

Amalgamated Bank decreased its stake in shares of LCI Industries (NYSE:LCII) by 1.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,751 shares of the company’s stock after selling 111 shares during the period. Amalgamated Bank’s holdings in LCI Industries were worth $801,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of LCI Industries in the 4th quarter worth $33,784,000. American Century Companies Inc. boosted its position in shares of LCI Industries by 30.5% during the second 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 during the period. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 62,354 shares in the last quarter. Pembroke Management LTD boosted its position in LCI Industries by 50.8% during the 1st quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock worth $6,646,000 after acquiring an additional 18,194 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in LCI Industries by 16.1% during the second quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company’s stock worth $13,325,000 after acquiring an additional 17,845 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 1.1 %

Shares of NYSE:LCII opened at $120.04 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The company has a market capitalization of $3.06 billion, a PE ratio of 32.62 and a beta of 1.41. The company has a fifty day moving average of $114.93 and a 200-day moving average of $110.75.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. On average, equities analysts predict that LCI Industries will post 6.01 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Friday, August 30th. LCI Industries’s payout ratio is currently 114.13%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial raised their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $108.67.

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.