Versor Investments LP Boosts Holdings in LCI Industries (NYSE:LCII)

Versor Investments LP lifted its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 139.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,909 shares of the company's stock after buying an additional 4,604 shares during the quarter. Versor Investments LP's holdings in LCI Industries were worth $818,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in LCI Industries by 29.2% in the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock worth $36,975,000 after purchasing an additional 80,784 shares in the last quarter. Royce & Associates LP increased its holdings in shares of LCI Industries by 22.5% in the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company's stock worth $45,086,000 after buying an additional 68,682 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company's stock worth $76,202,000 after buying an additional 36,487 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company's stock worth $19,649,000 after buying an additional 34,110 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of LCI Industries by 11.0% in the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company's stock worth $37,607,000 after buying an additional 31,376 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Trading Down 1.7 %

LCI Industries stock traded down $1.76 during trading hours on Monday, reaching $102.06. The stock had a trading volume of 285,676 shares, compared to its average volume of 222,036. The stock has a market cap of $2.60 billion, a PE ratio of 18.23 and a beta of 1.44. LCI Industries has a 52 week low of $96.19 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The company has a fifty day simple moving average of $104.79 and a 200-day simple moving average of $112.55.

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

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries's dividend payout ratio (DPR) is presently 82.14%.

Analysts Set New Price Targets

LCII has been the topic of a number of research analyst reports. 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. StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Finally, Truist Financial increased their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, LCI Industries presently has an average rating of "Hold" and an average price target of $121.50.

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.