Amalgamated Bank Has $903,000 Stock Holdings in LCI Industries (NYSE:LCII)

Amalgamated Bank reduced its stake in LCI Industries (NYSE:LCII) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,488 shares of the company’s stock after selling 263 shares during the period. Amalgamated Bank’s holdings in LCI Industries were worth $903,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in LCI Industries by 19.0% during the third quarter. QRG Capital Management Inc. now owns 2,384 shares of the company’s stock worth $287,000 after buying an additional 380 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of LCI Industries by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,459 shares of the company’s stock valued at $1,863,000 after acquiring an additional 258 shares during the period. Conestoga Capital Advisors LLC grew its holdings in 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 during the period. Argent Capital Management LLC increased its stake in LCI Industries by 14.5% in the third quarter. Argent Capital Management LLC now owns 2,229 shares of the company’s stock valued at $269,000 after purchasing an additional 282 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in LCI Industries by 5,533.7% in the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after purchasing an additional 10,182 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Truist Financial increased their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Raymond James started coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LCI Industries has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Stock Performance

LCII opened at $114.16 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 22.28 and a beta of 1.41. The business’s 50-day moving average price is $116.88 and its two-hundred day moving average price is $111.69. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter in the previous year, the business posted $1.02 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities analysts expect that LCI Industries will post 5.65 EPS for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.03%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is currently 81.71%.

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.