LPL Financial LLC raised its holdings in LCI Industries (NYSE:LCII) by 59.1% during the fourth quarter, Holdings Channel reports. The fund owned 5,576 shares of the company’s stock after purchasing an additional 2,071 shares during the period. LPL Financial LLC’s holdings in LCI Industries were worth $728,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of LCI Industries by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,054,193 shares of the company’s stock worth $397,047,000 after purchasing an additional 71,225 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of LCI Industries by 723.3% during the fourth quarter. Congress Asset Management Co. MA now owns 689,686 shares of the company’s stock worth $89,659,000 after purchasing an additional 605,911 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LCI Industries by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 671,293 shares of the company’s stock worth $77,768,000 after purchasing an additional 21,314 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 391,140 shares of the company’s stock worth $50,849,000 after purchasing an additional 9,025 shares in the last quarter. Finally, KAMES CAPITAL plc boosted its position in shares of LCI Industries by 33.1% during the fourth quarter. KAMES CAPITAL plc now owns 377,277 shares of the company’s stock worth $48,989,000 after purchasing an additional 93,848 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.
LCII has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “buy” rating and set a $135.00 price target on shares of LCI Industries in a research report on Friday, December 22nd. Zacks Investment Research raised 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 set a “sell” rating and a $94.00 price target on the stock.
In related news, insider Nick C. Fletcher sold 2,234 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $110.00, for a total value of $245,740.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Gero acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The stock was bought at an average cost of $102.09 per share, for a total transaction of $1,020,900.00. Following the completion of the transaction, the director now directly owns 252,049 shares in the company, valued at approximately $25,731,682.41. The disclosure for this purchase can be found here. Insiders sold a total of 8,845 shares of company stock worth $982,012 over the last ninety days. 3.60% of the stock is currently owned by insiders.
Shares of NYSE LCII opened at $94.50 on Friday. The firm has a market cap of $2,403.19, a PE ratio of 16.41 and a beta of 1.03. LCI Industries has a twelve month low of $86.25 and a twelve month high of $132.73. The company has a current ratio of 2.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.
LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.09. The company had revenue of $547.14 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. equities analysts anticipate that LCI Industries will post 8.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 16th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $2.20 annualized dividend and a yield of 2.33%. LCI Industries’s dividend payout ratio is currently 38.19%.
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LCI Industries Company Profile
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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