SageView Advisory Group LLC Purchases 219 Shares of LCI Industries (NYSE:LCII)

SageView Advisory Group LLC grew its position in LCI Industries (NYSE:LCII) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,508 shares of the company’s stock after purchasing an additional 219 shares during the quarter. SageView Advisory Group LLC’s holdings in LCI Industries were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LCII. GAMMA Investing LLC bought a new position in LCI Industries in the 4th quarter worth approximately $81,000. Eagle Bay Advisors LLC boosted its position in shares of LCI Industries by 88.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 765 shares of the company’s stock worth $96,000 after acquiring an additional 359 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in LCI Industries during the third quarter valued at $204,000. Envestnet Portfolio Solutions Inc. bought a new stake in LCI Industries in the 3rd quarter valued at $253,000. Finally, Everpar Advisors LLC purchased a new stake in LCI Industries in the 4th quarter worth $257,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Stock Down 2.2 %

Shares of NYSE:LCII opened at $101.02 on Thursday. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 27.45 and a beta of 1.43. LCI Industries has a 12 month low of $99.42 and a 12 month high of $137.07. The company has a current ratio of 2.86, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $107.39 and a 200 day moving average price of $114.83.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.90. The business had revenue of $968.00 million during the quarter, compared to analyst estimates of $963.02 million. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. As a group, equities research analysts predict that LCI Industries will post 6.31 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio (DPR) is 114.13%.

Analysts Set New Price Targets

Separately, Roth Mkm increased their price target on LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.80.

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.