Eagle Bay Advisors LLC Purchases 359 Shares of LCI Industries (NYSE:LCII)

Eagle Bay Advisors LLC boosted its holdings in LCI Industries (NYSE:LCII) by 88.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 765 shares of the company’s stock after acquiring an additional 359 shares during the period. Eagle Bay Advisors LLC’s holdings in LCI Industries were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after purchasing an additional 342,165 shares during the period. FMR LLC increased its stake in LCI Industries by 35.1% during the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after acquiring an additional 320,243 shares during the period. American Century Companies Inc. raised its holdings in LCI Industries by 20.3% in the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after acquiring an additional 50,470 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of LCI Industries during the 4th quarter valued at $2,924,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of LCI Industries during the 3rd quarter worth $1,804,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Down 0.5 %

Shares of LCII stock traded down $0.55 during mid-day trading on Friday, reaching $110.28. 11,129 shares of the stock traded hands, compared to its average volume of 225,207. The stock’s fifty day simple moving average is $111.98 and its two-hundred day simple moving average is $115.70. LCI Industries has a 1-year low of $102.39 and a 1-year high of $137.07. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 30.13 and a beta of 1.41.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.90. The firm had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. On average, research analysts anticipate that LCI Industries will post 6.35 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.81%. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial restated a “hold” rating and issued a $110.00 target price (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Roth Mkm raised their target price on LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a report on Monday. BMO Capital Markets cut LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $105.00 to $100.00 in a report on Monday, January 22nd. Finally, Robert W. Baird reduced their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.80.

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.