Benjamin F. Edwards & Company Inc. Has $77,000 Stake in LCI Industries (NYSE:LCII)

Benjamin F. Edwards & Company Inc. grew its position in LCI Industries (NYSE:LCII) by 99.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in LCI Industries were worth $77,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in shares of LCI Industries by 4.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of LCI Industries by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after purchasing an additional 92 shares during the last quarter. nVerses Capital LLC grew its position in shares of LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares during the last quarter. HM Payson & Co. grew its position in LCI Industries by 6.4% during the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after buying an additional 105 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock worth $417,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LCII. Truist Financial increased their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Benchmark reissued a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.67.

LCI Industries Stock Up 1.1 %

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

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

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued 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 yield of 3.50%. LCI Industries’s payout ratio is 114.13%.

LCI Industries Company 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.