Nordea Investment Management AB Buys 438 Shares of LCI Industries $LCII

Nordea Investment Management AB grew its stake in LCI Industries (NYSE:LCII) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,807 shares of the company’s stock after purchasing an additional 438 shares during the quarter. Nordea Investment Management AB owned about 0.09% of LCI Industries worth $2,083,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. SVB Wealth LLC purchased a new position in shares of LCI Industries during the first quarter valued at about $28,000. Signaturefd LLC boosted its position in LCI Industries by 591.5% during the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after acquiring an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after acquiring an additional 439 shares during the period. State of Wyoming bought a new position in shares of LCI Industries in the 1st quarter worth approximately $46,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of LCI Industries by 45.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after purchasing an additional 167 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LCII shares. BMO Capital Markets upped their price target on LCI Industries from $80.00 to $85.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 6th. Truist Financial upped their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.00.

LCI Industries Price Performance

LCII opened at $90.82 on Thursday. The stock has a 50-day moving average price of $97.69 and a 200-day moving average price of $92.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The firm has a market cap of $2.20 billion, a PE ratio of 15.16 and a beta of 1.31. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The company had revenue of $1 billion for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.60 annualized dividend and a dividend yield of 5.1%. LCI Industries’s dividend payout ratio (DPR) is 76.79%.

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.