SkyView Investment Advisors LLC Acquires 611 Shares of LCI Industries (NYSE:LCII)

SkyView Investment Advisors LLC boosted its holdings in LCI Industries (NYSE:LCII) by 14.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,926 shares of the company’s stock after purchasing an additional 611 shares during the quarter. SkyView Investment Advisors LLC’s holdings in LCI Industries were worth $509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in LCI Industries by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after purchasing an additional 92 shares during the period. Steward Partners Investment Advisory LLC raised its position in LCI Industries by 15.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,720 shares of the company’s stock worth $342,000 after acquiring an additional 360 shares during the period. Stifel Financial Corp raised its position in LCI Industries by 6.0% in the fourth quarter. Stifel Financial Corp now owns 81,279 shares of the company’s stock worth $10,218,000 after acquiring an additional 4,595 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in LCI Industries in the fourth quarter worth approximately $894,000. Finally, Quadrature Capital Ltd bought a new position in LCI Industries in the fourth quarter worth approximately $901,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LCII. Truist Financial increased their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Benchmark reissued a “buy” rating and issued a $130.00 price objective 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average target price of $108.67.

LCI Industries Stock Performance

Shares of LCII opened at $120.04 on Monday. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The stock has a fifty day moving average price of $114.93 and a 200-day moving average price of $110.74. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.06 billion, a PE ratio of 32.62 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (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 analyst estimates of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. Equities research analysts predict that LCI Industries will post 6.01 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

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

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.