Pacific Ridge Capital Partners LLC lifted its holdings in shares of LCI Industries (NYSE:LCII) by 24.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,120 shares of the company’s stock after purchasing an additional 2,770 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in LCI Industries were worth $1,085,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Icon Wealth Partners LLC acquired a new position in shares of LCI Industries in the 1st quarter valued at $31,000. Parkside Financial Bank & Trust boosted its holdings in shares of LCI Industries by 39.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. Exane Derivatives acquired a new position in shares of LCI Industries in the 4th quarter valued at $37,000. Versant Capital Management Inc acquired a new position in shares of LCI Industries in the 1st quarter valued at $45,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of LCI Industries in the 1st quarter valued at $61,000. 97.31% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on LCII. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Jefferies Financial Group started coverage on shares of LCI Industries in a report on Thursday, March 28th. They set a “buy” rating and a $86.00 target price on the stock. ValuEngine raised shares of LCI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, CL King downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $102.00.
In related news, insider Nick C. Fletcher sold 1,688 shares of LCI Industries stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $79.57, for a total transaction of $134,314.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.
LCI Industries stock traded down $1.97 during midday trading on Wednesday, hitting $86.64. 8,095 shares of the stock were exchanged, compared to its average volume of 186,341. LCI Industries has a 1 year low of $59.68 and a 1 year high of $102.22. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 1.06.
LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. LCI Industries had a net margin of 5.61% and a return on equity of 18.94%. The firm had revenue of $592.20 million for the quarter, compared to the consensus estimate of $585.65 million. During the same quarter in the previous year, the firm posted $1.86 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. Analysts forecast that LCI Industries will post 5.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.65 per share. This is an increase from LCI Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, June 6th. This represents a $2.60 annualized dividend and a yield of 3.00%. LCI Industries’s payout ratio is 40.96%.
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LCI Industries Company Profile
LCI Industries, together 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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