LRI Investments LLC Takes Position in LCI Industries (NYSE:LCII)

LRI Investments LLC purchased a new position in LCI Industries (NYSE:LCII) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 398 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in LCI Industries by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after buying an additional 92 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of LCI Industries by 0.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock valued at $1,784,000 after purchasing an additional 111 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of LCI Industries by 4.6% in the 4th quarter. QRG Capital Management Inc. now owns 2,567 shares of the company’s stock valued at $323,000 after purchasing an additional 113 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in LCI Industries by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,508 shares of the company’s stock worth $309,000 after purchasing an additional 136 shares in the last quarter. Finally, SageView Advisory Group LLC increased its position in LCI Industries by 9.6% during the fourth quarter. SageView Advisory Group LLC now owns 2,508 shares of the company’s stock worth $315,000 after buying an additional 219 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Performance

LCII traded up $3.13 during midday trading on Friday, reaching $116.05. The company’s stock had a trading volume of 268,913 shares, compared to its average volume of 299,620. The company has a current ratio of 2.86, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $105.62 and a 200 day simple moving average of $111.65. The stock has a market cap of $2.95 billion, a P/E ratio of 31.54 and a beta of 1.42. LCI Industries has a twelve month low of $96.18 and a twelve month high of $137.07.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.90. The business had revenue of $968.00 million for the quarter, compared to the consensus estimate of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. LCI Industries’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. Research analysts expect that LCI Industries will post 6.29 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, May 31st. LCI Industries’s payout ratio is presently 114.13%.

Analyst Ratings Changes

A number of analysts have weighed in on LCII shares. Roth Mkm boosted their price target on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Benchmark began coverage on LCI Industries in a research report on Thursday, July 18th. They set a “buy” rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.00.

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.