Dynamic Technology Lab Private Ltd acquired a new stake in shares of LCI Industries (NYSE:LCII - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,271 shares of the company's stock, valued at approximately $756,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. LRI Investments LLC purchased a new position in LCI Industries in the first quarter valued at $46,000. Blue Trust Inc. increased its stake in shares of LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company's stock valued at $47,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC raised its holdings in LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $66,000 after purchasing an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in LCI Industries by 99.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company's stock worth $77,000 after purchasing an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in LCI Industries during the second quarter worth approximately $93,000. Institutional investors and hedge funds own 99.71% of the company's stock.
Insider Activity
In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company's stock.
LCI Industries Price Performance
NYSE LCII traded down $0.53 during trading hours on Friday, hitting $120.81. 102,261 shares of the company's stock traded hands, compared to its average volume of 227,113. The company has a market capitalization of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. 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. The firm's 50-day moving average is $117.60 and its 200-day moving average is $112.54.
LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same period in the prior year, the business earned $1.02 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. Equities analysts forecast that LCI Industries will post 5.51 EPS for the current fiscal year.
LCI Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend 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 payout ratio is currently 81.71%.
Wall Street Analyst Weigh In
LCII has been the subject of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, Truist Financial lifted their price objective on LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $112.20.
Read Our Latest Analysis on LCI Industries
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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