Fiera Capital Corp decreased its stake in LCI Industries (NASDAQ:LCII) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,736 shares of the company’s stock after selling 3,870 shares during the period. Fiera Capital Corp owned approximately 0.61% of LCI Industries worth $15,641,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Neuberger Berman Group LLC lifted its stake in shares of LCI Industries by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock worth $169,668,000 after acquiring an additional 13,647 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of LCI Industries by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 828,459 shares of the company’s stock worth $84,834,000 after acquiring an additional 3,418 shares in the last quarter. Boston Partners lifted its stake in shares of LCI Industries by 2.1% in the second quarter. Boston Partners now owns 729,159 shares of the company’s stock worth $74,666,000 after acquiring an additional 15,308 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of LCI Industries by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 465,135 shares of the company’s stock worth $47,632,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its stake in shares of LCI Industries by 21.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 398,573 shares of the company’s stock worth $40,814,000 after acquiring an additional 70,672 shares in the last quarter.
LCII has been the topic of several recent analyst reports. Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a research note on Friday, August 25th.
LCI Industries (LCII) opened at 107.00 on Friday. LCI Industries has a 1-year low of $80.65 and a 1-year high of $117.15. The company has a 50 day moving average price of $99.69 and a 200 day moving average price of $99.04. The firm has a market cap of $2.67 billion and a PE ratio of 19.32.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings results on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities research analysts forecast that LCI Industries will post $5.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, August 16th.
In related news, insider Nick C. Fletcher sold 1,617 shares of LCI Industries stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $105.44, for a total transaction of $170,496.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Reed sold 2,000 shares of LCI Industries stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $101.29, for a total value of $202,580.00. The disclosure for this sale can be found here.
LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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