Glen Harbor Capital Management LLC decreased its position in shares of LCI Industries (NYSE:LCII) by 46.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,706 shares of the company’s stock after selling 3,264 shares during the period. Glen Harbor Capital Management LLC’s holdings in LCI Industries were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in LCI Industries by 9.8% during the 2nd quarter. BlackRock Inc. now owns 3,437,411 shares of the company’s stock valued at $309,881,000 after purchasing an additional 305,546 shares in the last quarter. Summit Trail Advisors LLC increased its stake in LCI Industries by 7,584.4% during the 1st quarter. Summit Trail Advisors LLC now owns 1,149,508 shares of the company’s stock valued at $1,150,000 after purchasing an additional 1,134,549 shares in the last quarter. Royal Bank of Canada increased its stake in LCI Industries by 7.5% during the 1st quarter. Royal Bank of Canada now owns 882,854 shares of the company’s stock valued at $91,949,000 after purchasing an additional 61,583 shares in the last quarter. JPMorgan Chase & Co. increased its stake in LCI Industries by 6.2% during the 1st quarter. JPMorgan Chase & Co. now owns 838,553 shares of the company’s stock valued at $87,335,000 after purchasing an additional 48,801 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its stake in LCI Industries by 4.3% during the 2nd quarter. Congress Asset Management Co. MA now owns 771,695 shares of the company’s stock valued at $69,568,000 after purchasing an additional 32,129 shares in the last quarter. 96.78% of the stock is owned by institutional investors.
A number of research analysts have issued reports on LCII shares. Robert W. Baird restated a “buy” rating and set a $115.00 price target on shares of LCI Industries in a research note on Wednesday, July 25th. Northcoast Research restated a “buy” rating on shares of LCI Industries in a research note on Friday, August 17th. ValuEngine upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered shares of LCI Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, Citigroup cut their price target on shares of LCI Industries from $131.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, June 19th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $113.75.
Shares of LCI Industries stock opened at $95.35 on Monday. The company has a current ratio of 2.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. LCI Industries has a 12-month low of $80.95 and a 12-month high of $132.73. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 16.55 and a beta of 1.07.
LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, August 2nd. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.03. The firm had revenue of $684.46 million for the quarter, compared to analyst estimates of $658.81 million. LCI Industries had a net margin of 5.92% and a return on equity of 23.39%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 earnings per share. research analysts forecast that LCI Industries will post 6.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a $0.60 dividend. The ex-dividend date was Thursday, August 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.52%. LCI Industries’s payout ratio is currently 41.67%.
LCI Industries 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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