Argent Capital Management LLC trimmed its position in shares of LCI Industries (NYSE:LCII) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,025 shares of the company’s stock after selling 275 shares during the quarter. Argent Capital Management LLC’s holdings in LCI Industries were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in LCI Industries by 23.0% during the 1st quarter. Teacher Retirement System of Texas now owns 2,816 shares of the company’s stock valued at $373,000 after acquiring an additional 526 shares during the period. New York State Common Retirement Fund increased its stake in LCI Industries by 0.9% in the 1st quarter. New York State Common Retirement Fund now owns 77,355 shares of the company’s stock worth $10,233,000 after buying an additional 680 shares during the period. Bahl & Gaynor Inc. lifted its holdings in LCI Industries by 1.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 69,598 shares of the company’s stock valued at $9,207,000 after buying an additional 688 shares in the last quarter. Value Holdings Management CO. LLC boosted its position in LCI Industries by 41.0% in the 1st quarter. Value Holdings Management CO. LLC now owns 37,800 shares of the company’s stock valued at $5,000,000 after buying an additional 11,000 shares during the period. Finally, Boston Partners grew its stake in LCI Industries by 13.5% in the 1st quarter. Boston Partners now owns 401,388 shares of the company’s stock worth $53,743,000 after acquiring an additional 47,668 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
LCII has been the topic of several research analyst reports. Robert W. Baird increased their price objective on LCI Industries from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 5th. Sidoti upgraded LCI Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 4th. Finally, Zacks Investment Research upgraded shares of LCI Industries from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Tuesday, April 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $145.60.
Shares of LCI Industries stock opened at $138.43 on Friday. LCI Industries has a one year low of $101.69 and a one year high of $156.61. The company has a market capitalization of $3.50 billion, a P/E ratio of 17.15 and a beta of 1.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.00 and a quick ratio of 1.00. The business has a 50-day moving average price of $143.12.
LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, May 4th. The company reported $2.93 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.78. LCI Industries had a net margin of 6.51% and a return on equity of 23.05%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $880.29 million. During the same quarter in the prior year, the company posted $1.31 earnings per share. LCI Industries’s revenue for the quarter was up 51.6% compared to the same quarter last year. On average, equities research analysts predict that LCI Industries will post 9.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Friday, June 4th will be paid a $0.90 dividend. The ex-dividend date is Thursday, June 3rd. This is a boost from LCI Industries’s previous quarterly dividend of $0.75. This represents a $3.60 dividend on an annualized basis and a yield of 2.60%. LCI Industries’s dividend payout ratio (DPR) is 55.47%.
LCI Industries 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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories.
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