Thrivent Financial for Lutherans Buys 25,250 Shares of LCI Industries (NYSE:LCII)

Thrivent Financial for Lutherans raised its stake in shares of LCI Industries (NYSE:LCII) by 119.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 46,377 shares of the company’s stock after buying an additional 25,250 shares during the quarter. Thrivent Financial for Lutherans’ holdings in LCI Industries were worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after acquiring an additional 15,670 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of LCI Industries by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 22,850 shares of the company’s stock valued at $2,806,000 after purchasing an additional 709 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of LCI Industries by 76.7% during the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock valued at $1,558,000 after purchasing an additional 5,500 shares during the last quarter. LRI Investments LLC bought a new position in shares of LCI Industries in the 1st quarter worth approximately $46,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of LCI Industries in the first quarter worth approximately $204,000. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Up 1.3 %

Shares of LCI Industries stock opened at $120.95 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The company has a fifty day moving average of $117.37 and a 200 day moving average of $112.16. The company has a market capitalization of $3.08 billion, a P/E ratio of 23.53 and a beta of 1.41. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter last year, the business posted $1.02 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is 81.71%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LCII shares. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $112.20.

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.