Quadrature Capital Ltd Makes New Investment in LCI Industries (NYSE:LCII)

Quadrature Capital Ltd acquired a new position in shares of LCI Industries (NYSE:LCII) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,172 shares of the company’s stock, valued at approximately $901,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of LCI Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after purchasing an additional 12,018 shares in the last quarter. FMR LLC grew its position in shares of LCI Industries by 35.1% in the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock valued at $144,644,000 after acquiring an additional 320,243 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of LCI Industries by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,049,513 shares of the company’s stock worth $131,940,000 after purchasing an additional 4,161 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after purchasing an additional 342,165 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in LCI Industries by 2.7% in the 4th quarter. Victory Capital Management Inc. now owns 586,424 shares of the company’s stock valued at $73,719,000 after purchasing an additional 15,212 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.5 %

LCI Industries stock opened at $100.53 on Friday. LCI Industries has a twelve month low of $99.42 and a twelve month high of $137.07. The stock has a market cap of $2.56 billion, a P/E ratio of 27.32 and a beta of 1.43. The company’s 50-day moving average price is $107.16 and its two-hundred day moving average price is $114.73. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63.

LCI Industries (NYSE:LCII) last released its quarterly earnings results 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 the consensus estimate of $963.02 million. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. As a group, analysts expect that LCI Industries will post 6.31 EPS for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors 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 4.18%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio is 114.13%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm boosted their price target on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.