Sanctuary Advisors LLC Makes New $1.69 Million Investment in LCI Industries (NYSE:LCII)

Sanctuary Advisors LLC acquired a new position in LCI Industries (NYSE:LCII - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,697 shares of the company's stock, valued at approximately $1,685,000. Sanctuary Advisors LLC owned about 0.06% of LCI Industries at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of LCI Industries by 30.5% in the second quarter. American Century Companies Inc. now owns 418,588 shares of the company's stock worth $43,274,000 after acquiring an additional 97,877 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of LCI Industries by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company's stock valued at $114,945,000 after buying an additional 62,354 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of LCI Industries in the second quarter worth about $2,454,000. Pembroke Management LTD boosted its position in LCI Industries by 50.8% during the first quarter. Pembroke Management LTD now owns 54,006 shares of the company's stock worth $6,646,000 after acquiring an additional 18,194 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in LCI Industries by 16.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company's stock valued at $13,325,000 after acquiring an additional 17,845 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Up 0.7 %

Shares of NYSE LCII traded up $0.87 during mid-day trading on Wednesday, reaching $118.15. 106,419 shares of the company's stock were exchanged, compared to its average volume of 229,144. The company's 50-day moving average is $115.82 and its 200-day moving average is $111.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 32.11 and a beta of 1.41. 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 announced its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. LCI Industries's revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. Analysts expect that LCI Industries will post 6.01 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.55%. LCI Industries's dividend payout ratio is presently 114.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LCII shares. Benchmark restated a "buy" rating and issued a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. Truist Financial lifted their price target on LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, September 20th. StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Raymond James started coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries has an average rating of "Hold" and an average target price of $112.20.

About LCI Industries

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.