Bryce Point Capital LLC Invests $1.96 Million in LCI Industries (NYSE:LCII)

Bryce Point Capital LLC purchased a new stake in LCI Industries (NYSE:LCII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,989 shares of the company’s stock, valued at approximately $1,963,000. LCI Industries makes up 0.6% of Bryce Point Capital LLC’s investment portfolio, making the stock its 11th largest holding. Bryce Point Capital LLC owned 0.07% of LCI Industries at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Centiva Capital LP bought a new stake in LCI Industries during the 3rd quarter worth about $628,000. Readystate Asset Management LP bought a new stake in shares of LCI Industries during the third quarter worth approximately $500,000. Stifel Financial Corp lifted its holdings in LCI Industries by 0.3% in the third quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock valued at $9,952,000 after buying an additional 242 shares during the period. Stadium Capital Management LLC bought a new position in LCI Industries in the third quarter valued at approximately $2,412,000. Finally, XTX Topco Ltd acquired a new stake in LCI Industries during the 3rd quarter worth $770,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial raised their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average price target of $121.50.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $87.72 on Wednesday. The stock’s fifty day simple moving average is $99.59 and its 200 day simple moving average is $108.90. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.23 billion, a PE ratio of 15.66 and a beta of 1.45. LCI Industries has a 12 month low of $85.69 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, research analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.24%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

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.