KLP Kapitalforvaltning AS Makes New Investment in LCI Industries (NYSE:LCII)

KLP Kapitalforvaltning AS purchased a new position in LCI Industries (NYSE:LCII - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,400 shares of the company's stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in LCI Industries by 22.4% in the 4th quarter. Teacher Retirement System of Texas now owns 4,019 shares of the company's stock valued at $416,000 after buying an additional 735 shares during the period. Cibc World Markets Corp bought a new position in LCI Industries in the fourth quarter valued at approximately $240,000. Royce & Associates LP increased its stake in LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after acquiring an additional 172,586 shares during the last quarter. Impact Capital Partners LLC acquired a new position in LCI Industries during the fourth quarter valued at approximately $369,000. Finally, Swiss National Bank lifted its stake in LCI Industries by 0.8% during the fourth quarter. Swiss National Bank now owns 50,100 shares of the company's stock worth $5,180,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com downgraded LCI Industries from a "buy" rating to a "hold" rating in a research report on Monday, March 31st. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. Robert W. Baird restated a "neutral" rating and issued a $100.00 price target (down from $130.00) on shares of LCI Industries in a research note on Friday. Finally, Truist Financial upped their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $117.20.

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LCI Industries Stock Down 2.7 %

Shares of LCII traded down $2.21 during trading hours on Monday, reaching $79.91. 705,038 shares of the stock traded hands, compared to its average volume of 266,345. LCI Industries has a 52 week low of $75.72 and a 52 week high of $129.38. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 14.27 and a beta of 1.36. The stock has a fifty day simple moving average of $97.71 and a 200 day simple moving average of $107.84. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, equities analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.76%. LCI Industries's dividend payout ratio is 82.14%.

LCI Industries Company Profile

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.