Pembroke Management LTD decreased its position in shares of LCI Industries (NYSE:LCII) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,112 shares of the company’s stock after selling 4,115 shares during the quarter. Pembroke Management LTD owned about 0.73% of LCI Industries worth $16,390,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of LCI Industries by 1.6% during the second quarter. State of Alaska Department of Revenue now owns 8,515 shares of the company’s stock valued at $766,000 after acquiring an additional 136 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of LCI Industries during the second quarter valued at $210,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of LCI Industries by 2.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 9,967 shares of the company’s stock valued at $897,000 after acquiring an additional 200 shares during the period. First Hawaiian Bank boosted its holdings in shares of LCI Industries by 11.0% during the second quarter. First Hawaiian Bank now owns 2,923 shares of the company’s stock valued at $263,000 after acquiring an additional 289 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of LCI Industries during the second quarter valued at $202,000. 97.31% of the stock is owned by institutional investors.
LCII stock traded down $1.11 during trading on Friday, hitting $88.94. The company had a trading volume of 138,564 shares, compared to its average volume of 142,184. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.36. The firm has a 50 day moving average price of $89.94. LCI Industries has a fifty-two week low of $59.68 and a fifty-two week high of $102.22. The company has a quick ratio of 1.06, a current ratio of 2.57 and a debt-to-equity ratio of 0.47.
LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.38 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $592.20 million during the quarter, compared to the consensus estimate of $585.65 million. During the same period in the prior year, the company earned $1.86 EPS. LCI Industries’s revenue was down 9.0% on a year-over-year basis. As a group, equities analysts predict that LCI Industries will post 5.7 EPS for the current fiscal year.
LCII has been the subject of several analyst reports. Northcoast Research assumed coverage on shares of LCI Industries in a report on Friday, June 14th. They set a “neutral” rating for the company. CL King downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. ValuEngine raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Zacks Investment Research downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $98.75.
About LCI Industries
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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