Intech Investment Management LLC Takes $438,000 Position in LCI Industries (NYSE:LCII)

Intech Investment Management LLC purchased a new stake in LCI Industries (NYSE:LCII) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,232 shares of the company’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LCII. UniSuper Management Pty Ltd acquired a new stake in LCI Industries during the first quarter worth approximately $732,000. Comerica Bank grew its stake in LCI Industries by 24.1% during the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after purchasing an additional 6,174 shares during the period. Quadrature Capital Ltd grew its stake in LCI Industries by 76.7% during the first quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock worth $1,558,000 after purchasing an additional 5,500 shares during the period. Vanguard Group Inc. grew its stake in LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after purchasing an additional 15,670 shares during the period. Finally, Norges Bank acquired a new stake in LCI Industries during the fourth quarter worth approximately $33,784,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Up 1.1 %

Shares of LCI Industries stock opened at $120.04 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The stock has a 50 day moving average price of $114.93 and a two-hundred day moving average price of $110.75. The stock has a market capitalization of $3.06 billion, a PE ratio of 32.62 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company earned $1.31 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that LCI Industries will post 6.01 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. LCI Industries’s dividend payout ratio is presently 114.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LCII shares. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Truist Financial raised their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $108.67.

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.