Bryce Point Capital LLC bought a new position in LCI Industries (NYSE:LCII - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,989 shares of the company's stock, valued at approximately $1,963,000. LCI Industries makes up 0.6% of Bryce Point Capital LLC's portfolio, making the stock its 11th largest holding. Bryce Point Capital LLC owned about 0.07% of LCI Industries as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in LCI Industries during the fourth quarter valued at approximately $59,000. O Shaughnessy Asset Management LLC raised its position in LCI Industries by 11.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company's stock worth $234,000 after purchasing an additional 238 shares during the period. Pictet Asset Management Holding SA lifted its stake in LCI Industries by 20.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,719 shares of the company's stock worth $385,000 after purchasing an additional 640 shares during the last quarter. Norges Bank purchased a new stake in LCI Industries during the fourth quarter valued at about $26,402,000. Finally, Zions Bancorporation N.A. grew its stake in shares of LCI Industries by 21.6% during the fourth quarter. Zions Bancorporation N.A. now owns 16,260 shares of the company's stock valued at $1,681,000 after buying an additional 2,886 shares during the last quarter. Institutional investors own 99.71% of the company's stock.
LCI Industries Trading Down 3.9 %
Shares of NYSE LCII traded down $3.24 during midday trading on Monday, hitting $78.89. 141,381 shares of the company traded hands, compared to its average volume of 379,317. LCI Industries has a 12-month low of $75.72 and a 12-month high of $129.38. The firm has a market cap of $1.99 billion, a P/E ratio of 14.10 and a beta of 1.36. The stock has a 50-day moving average price of $98.29 and a 200 day moving average price of $108.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.
LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, analysts expect that LCI Industries will post 6.76 earnings per share for the current year.
LCI Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries's dividend payout ratio is currently 82.14%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on LCII. Truist Financial increased their target price on LCI Industries from $102.00 to $108.00 and gave the company a "hold" rating in a report on Monday, February 10th. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Monday, March 31st. Robert W. Baird reiterated a "neutral" rating and set a $100.00 price target (down from $130.00) on shares of LCI Industries in a report on Friday. Finally, CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $117.20.
View Our Latest Analysis on LCII
About LCI Industries
(
Free Report)
LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.
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