Kayne Anderson Rudnick Investment Management LLC Increases Stake in LCI Industries (NYSE:LCII)

Kayne Anderson Rudnick Investment Management LLC lifted its position in LCI Industries (NYSE:LCII) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,369,598 shares of the company’s stock after acquiring an additional 5,049 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.09% of LCI Industries worth $244,969,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LCII. Mercer Global Advisors Inc. ADV grew its stake in shares of LCI Industries by 4.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after buying an additional 90 shares during the last quarter. PNC Financial Services Group Inc. grew its position in LCI Industries by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after acquiring an additional 92 shares during the last quarter. nVerses Capital LLC increased its stake in LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after purchasing an additional 100 shares during the period. HM Payson & Co. lifted its position in shares of LCI Industries by 6.4% during the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after purchasing an additional 105 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after purchasing an additional 105 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

Shares of LCII opened at $120.86 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. The company has a 50 day moving average price of $114.37 and a 200-day moving average price of $110.71. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The stock has a market capitalization of $3.08 billion, a PE ratio of 32.84 and a beta of 1.41.

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

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is currently 114.13%.

Analysts Set New Price Targets

Several research analysts recently commented on LCII shares. Benchmark reaffirmed a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Truist Financial lifted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LCI Industries 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.