Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LCI Industries (NYSE:LCII - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,512 shares of the company's stock, valued at approximately $785,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LCII. B. Riley Wealth Advisors Inc. bought a new position in LCI Industries during the first quarter worth $204,000. Tidal Investments LLC raised its stake in LCI Industries by 11.5% during the first quarter. Tidal Investments LLC now owns 3,929 shares of the company's stock worth $484,000 after acquiring an additional 405 shares during the period. Comerica Bank lifted its holdings in LCI Industries by 24.1% in the first quarter. Comerica Bank now owns 31,784 shares of the company's stock worth $3,911,000 after acquiring an additional 6,174 shares during the last quarter. LRI Investments LLC acquired a new position in LCI Industries in the first quarter valued at approximately $46,000. Finally, HM Payson & Co. grew its holdings in shares of LCI Industries by 6.4% during the first quarter. HM Payson & Co. now owns 1,755 shares of the company's stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
LCI Industries Trading Down 0.4 %
NYSE LCII traded down $0.54 on Friday, hitting $120.81. 102,261 shares of the stock were exchanged, compared to its average volume of 227,113. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 23.83 and a beta of 1.41. The company's 50-day moving average price is $117.61 and its two-hundred day moving average price is $112.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36.
LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million during the quarter, compared to analysts' expectations of $922.85 million. During the same period last year, the company posted $1.02 earnings per share. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts predict that LCI Industries will post 5.51 EPS for the current year.
LCI Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from LCI Industries's previous quarterly dividend of $1.05. LCI Industries's dividend payout ratio (DPR) is presently 81.71%.
Insider Activity at LCI Industries
In other news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LCII. Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Raymond James assumed coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Truist Financial boosted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $112.20.
Check Out Our Latest Research Report on LCI Industries
LCI Industries Company Profile
(
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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