LCI Industries (NYSE:LCII) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of LCI Industries (NYSE:LCII) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,751 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of LCI Industries worth $1,938,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of LCI Industries by 532.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after buying an additional 314 shares during the period. Fidelis Capital Partners LLC acquired a new position in LCI Industries during the 1st quarter valued at approximately $68,000. GAMMA Investing LLC acquired a new stake in LCI Industries in the fourth quarter worth $81,000. Eagle Bay Advisors LLC lifted its stake in LCI Industries by 88.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock valued at $96,000 after buying an additional 359 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of LCI Industries during the first quarter valued at $184,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 2.5 %

Shares of LCII traded up $2.61 during midday trading on Friday, reaching $108.70. 282,923 shares of the stock were exchanged, compared to its average volume of 261,323. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 29.54 and a beta of 1.42. The firm has a 50 day simple moving average of $105.51 and a 200-day simple moving average of $112.43. LCI Industries has a 12-month low of $96.18 and a 12-month 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.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.90. The firm had revenue of $968.00 million for the quarter, compared to analyst estimates 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 for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. Research analysts forecast that LCI Industries will post 6.29 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio is 114.13%.

Analyst Ratings Changes

Separately, Roth Mkm raised their target price on LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and an average target price of $104.80.

LCI Industries 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.