Vanguard Group Inc. Boosts Stake in LCI Industries (NYSE:LCII)

Vanguard Group Inc. boosted its holdings in shares of LCI Industries (NYSE:LCII) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,785,212 shares of the company’s stock after acquiring an additional 12,018 shares during the period. Vanguard Group Inc. owned 11.00% of LCI Industries worth $350,129,000 at the end of the most recent reporting period.

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

LCI Industries Stock Performance

LCII opened at $103.34 on Friday. LCI Industries has a 1-year low of $98.92 and a 1-year high of $137.07. The stock has a market cap of $2.63 billion, a P/E ratio of 28.08 and a beta of 1.43. The stock’s 50 day simple moving average is $106.56 and its 200 day simple moving average is $114.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 1.06.

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

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $1.05 dividend. The ex-dividend date was Friday, May 31st. This represents a $4.20 annualized dividend and a dividend yield of 4.06%. LCI Industries’s dividend payout ratio is presently 114.13%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm boosted their price target on shares of LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research report 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 an average rating of “Hold” and an average price target of $104.80.

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.