23,738 Shares in LCI Industries (NYSE:LCII) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in LCI Industries (NYSE:LCII) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,738 shares of the company’s stock, valued at approximately $2,454,000. Cubist Systematic Strategies LLC owned 0.09% of LCI Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of LCI Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after acquiring an additional 15,670 shares during the last quarter. Dimensional Fund Advisors LP grew its position in LCI Industries by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after purchasing an additional 62,354 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of LCI Industries by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 609,232 shares of the company’s stock worth $74,972,000 after purchasing an additional 10,539 shares during the period. American Century Companies Inc. raised its position in shares of LCI Industries by 30.5% during the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after buying an additional 97,877 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of LCI Industries by 16.1% in the second quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company’s stock valued at $13,325,000 after buying an additional 17,845 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of LCII stock opened at $120.04 on Monday. The stock’s fifty day simple moving average is $114.93 and its 200 day simple moving average is $110.74. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 32.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts expect that LCI Industries will post 6.01 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on LCII. Truist Financial upped their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $108.67.

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.