LCI Industries (LCII) Position Lifted by Deutsche Bank AG

Deutsche Bank AG increased its position in LCI Industries (NYSE:LCII) by 120.1% during the 4th quarter, reports. The fund owned 57,944 shares of the company’s stock after buying an additional 31,621 shares during the period. Deutsche Bank AG’s holdings in LCI Industries were worth $7,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its holdings in LCI Industries by 478.7% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the company’s stock worth $114,000 after acquiring an additional 900 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in LCI Industries in the 4th quarter worth $170,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in LCI Industries by 104.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock worth $186,000 after purchasing an additional 730 shares during the last quarter. Zions Bancorporation acquired a new stake in LCI Industries in the 3rd quarter worth $187,000. Finally, WP Advisors LLC acquired a new stake in LCI Industries in the 4th quarter worth $210,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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NYSE LCII opened at $100.20 on Friday. The company has a current ratio of 2.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2,518.16, a price-to-earnings ratio of 17.40 and a beta of 1.03. LCI Industries has a 52-week low of $86.25 and a 52-week high of $132.73.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.09. The company had revenue of $547.14 million for the quarter, compared to analyst estimates of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. The business’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. research analysts forecast that LCI Industries will post 8.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were given a $0.55 dividend. The ex-dividend date was Thursday, March 15th. This represents a $2.20 annualized dividend and a yield of 2.20%. LCI Industries’s dividend payout ratio is 38.19%.

In other news, Director James Gero sold 6,500 shares of LCI Industries stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $111.38, for a total transaction of $723,970.00. Following the sale, the director now directly owns 226,549 shares in the company, valued at approximately $25,233,027.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nick C. Fletcher sold 2,234 shares of LCI Industries stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $110.00, for a total transaction of $245,740.00. The disclosure for this sale can be found here. Insiders sold a total of 8,845 shares of company stock worth $982,012 over the last 90 days. Company insiders own 3.60% of the company’s stock.

LCII has been the topic of several research analyst reports. Robert W. Baird restated a “buy” rating and issued a $135.00 price target on shares of LCI Industries in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Northcoast Research initiated coverage on shares of LCI Industries in a research report on Friday, January 26th. They issued a “sell” rating and a $94.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $117.50.

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About LCI Industries

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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